Bank of America: Expects November non-farm employment to significantly exceed previous values

On December 3rd, Bank of America economists stated that the employment report for November will be released on Friday, and investors should pay attention to the growth rate over the past two months, especially considering the significant risk of revisions to the October data. A survey by The Wall Street Journal indicates that the U.S. non-farm payrolls for November are expected to increase by 214,000, up from 12,000 in October. Bank of America expects this number to exceed 240,000 due to the impact of hurricanes and the Boeing strike. It is also anticipated that the labor force participation rate will rebound, causing the unemployment rate to rise from 4.1% to 4.2%, in line with The Wall Street Journal's expectations. Bank of America noted that the number of unemployment claims increased due to the hurricanes but has since declined, indicating a rapid economic recovery