US: Strong Nov job gains anticipated; wages seen rising – Reuters survey

Results of the latest Reuters survey of economists showed that the US economy is seen adding 200,000 jobs last month after a net jobs addition of 261,000 in October.

Meanwhile, the US Labour Department data is expected to show that the unemployment rate remains unchanged at a 17-year low of 4.1%.

Average hourly earnings are expected to have risen 0.3% in November after no change seen previously. That would lift the annual increase in wages to 2.7% from 2.4% in October.

 November’s report will be the first clean reading since the Hurricanes Harvey and Irma, which also impacted September’s employment data.

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