The US labor market expanded by 64,000 non-farm payroll jobs in November, according to the US Bureau of Labor Statistics’ (BLS) delayed report, following a decline of 105,000 jobs in October amid the government shutdown. Additionally, the unemployment rate increased to 4.6%, and average hourly wages rose by only 0.1% (below the estimated 0.3%).
Allianz Chief Economic adviser Mohamed El-Erian helps Julie Hyman cut through the noise of this jobs report and pinpoints where he is seeing signs of a weakening labor market. For more Market Catalysts videos, please visit: https://finance.yahoo.com/videos/series/market-catalysts/
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