Labor Market Rebounds from October Disruptions as Vehicle Sales Hit Highest Level since 2021
December 06, 2024
December 06, 2024
WASHINGTON, Dec. 6 -- Fannie Mae issued the following news release:
Key Takeaways:
The November rebound in employment gains following the October report, which was suppressed due to hurricane disruptions and strike activity, was largely in line with our expectations. After accounting for the effects of the weather and strike disruptions, we believe this report represents underlying trend growth rate of around 100,000 to 150,000 jobs per month, in line with our forecast. . . .
Key Takeaways:
The November rebound in employment gains following the October report, which was suppressed due to hurricane disruptions and strike activity, was largely in line with our expectations. After accounting for the effects of the weather and strike disruptions, we believe this report represents underlying trend growth rate of around 100,000 to 150,000 jobs per month, in line with our forecast. . . .