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A Strong Jobs Report Makes Big Rate Cuts Unlikely in 2024

Por: MarketWatch Business December 09, 2023

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That’s likely to mean a better 2024 for Main Street U.S.A. than for Wall Street. Friday brought news that nonfarm payrolls increased by 199,000 in November, about one-tenth more than economists’ guesses. The big surprise was the drop in the unemployment rate, to 3.7% from 3.9%, and for the right reasons. In the separate survey of households, from which the jobless rate is derived, nearly three-quarters of a million folks found jobs last... + full article



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