Solid U.S. jobs report expected amid sharp market volatility [Los Angeles Times (CA)]
Northern Trust Corporation (NTRS)
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Source: Los Angeles Times
Solid U.S. jobs report expected amid sharp market volatility Friday's jobs report for November is expected to point to a solid economy for most Americans, with steady hiring, a low unemployment rate and faster wage gains. If so, it would provide a dose of welcome news after this week's frantic financial market gyrations, which have been driven by concerns that the U.S.-China trade war could escalate and weaken a U.S. economy already facing higher interest rates and slowing global growth. Economists have forecast that Friday's figures will show that employers added a healthy 195,000 jobs last month and that the unemployment rate stayed at a five-decade low of 3.7%. Most economists think growth will remain brisk despite the rampant worries of stock market investors. Still, analysts expect the economy and hiring to likely weaken somewhat in the coming months. "Bottom-line, growth has slowed, but it's still strong," said Mark Zandi, chief economist at Moody's Analytics. So far, that hasn'
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