According to an analysis by the British Financial Times, the US non-farm payrolls report to be released next Tuesday will include data for October and November, ultimately providing policymakers and investors with a more complete picture of the US labor market and ending some blind flights over the past few months. The Federal Reserve cut interest rates to a three-year low after a deeply divided meeting this week. Several officials disagreed. The debate focused on whether priority should be given to dealing with high inflation or a weak job market. Citigroup economists point out that the latest employment report to be released may send more conflicting signals. The bank expects the number of jobs to drop by about 45,000 in October, but the number of jobs will increase by 80,000 in November. Citigroup economists say this rebound may be more related to seasonal data adjustments rather than “a real improvement in worker demand.” They also forecast the unemployment rate to rise from 4.4% to 4.52%, while a Reuters survey of economists showed an unemployment rate of 4.4%. The Federal Reserve's own quarterly forecast shows that the median unemployment rate will be around 4.5% at the end of this year.

According to an analysis by the British Financial Times, the US non-farm payrolls report to be released next Tuesday will include data for October and November, ultimately providing policymakers and investors with a more complete picture of the US labor market and ending some blind flights over the past few months. The Federal Reserve cut interest rates to a three-year low after a deeply divided meeting this week. Several officials disagreed. The debate focused on whether priority should be given to dealing with high inflation or a weak job market. Citigroup economists point out that the latest employment report to be released may send more conflicting signals. The bank expects the number of jobs to drop by about 45,000 in October, but the number of jobs will increase by 80,000 in November. Citigroup economists say this rebound may be more related to seasonal data adjustments rather than “a real improvement in worker demand.” They also forecast the unemployment rate to rise from 4.4% to 4.52%, while a Reuters survey of economists showed an unemployment rate of 4.4%. The Federal Reserve's own quarterly forecast shows that the median unemployment rate will be around 4.5% at the end of this year.