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The latest federal jobs report reveals rising unemployment among Black workers, disappearing factory jobs and lopsided growth in the health care sector.
The federal government is set to release an unusual jobs report on Tuesday, combining data from two consecutive months due to disruption caused by the 43-day government shutdown. The weeks-delayed report will offer the latest snapshot of the U.S. economy in an uneasy period bedeviled by a hiring slowdown and an uptick of inflation.
The November jobs report is landing at an odd time – on a Tuesday in mid-December, instead of (what’s usually) the first Friday of the month – due to the lingering impact of the historically long government shutdown.
November’s job report may be distorted as a result of the government shutdown, limiting how much it will influence the Federal Reserve’s next interest rate decision in January.
The jobs data showed that the labor economy remains stable, though the stableness is arguably sector specific. Read what investors need to know.
The government shutdown put the jobs report behind schedule. This week’s release will bring data on October and November, though some information will be missing.
The Houston area economy could cool next year, according to a new jobs forecast. Experts say, however, that job growth is still expected.
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