U.S. employment growth is projected to exceed a half million for a second month in November, though such momentum may be tested by a new COVID-19 strain that could keep potential workers sidelined for longer.
The median projection in a Bloomberg survey of economists are for a 546,000 increase in payrolls — which would be the most since a one million-plus surge in July — and for the unemployment rate to fall slightly to 4.5%. While the job market is starting to make greater strides, labor supply remains well short of demand.
