US Non-Farm Employment Change – Expectations are for a 440k November nonfarm payroll increase, after gains of 531k in October, 312k in September, and 483k in August. The Unemployment rate is expected to hold steady at 4.6%, Annualized Earnings to increase again to 5.0% from 4.9% and the all-important participation rate to struggle to move over 61.6%. The US ISM Non-Manufacturing PMI data has been volatile recently and a decline this month is expected to hit 65.7 from 66.7 last month.
Canada Employment Change – Canada generated 31.2k news jobs last month, a miss of expectations of 42.0k and a huge decline from the 157.1k from October. The Unemployment rate is expected to hold at pandemic lows at 6.7%.
