BofA anticipates a strong rebound in nonfarm payrolls for November, driven by the reversal of temporary factors that impacted the previous month. The unemployment rate is expected to edge higher due to normalization in labor force participation.

Key Points:

Conclusion:

BofA expects a strong November jobs report, with payroll growth driven by normalization from temporary disruptions and stable wage growth. These metrics suggest resilience in the labor market as the year-end approaches.

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