A better-than-expected November jobs report appears to keep the economy on path for a so-called soft landing, experts say, but also lowers the odds that the central bank will start cutting rates in the first quarter of 2024.
U.S. nonfarm payrolls expanded by 199,000 last month, the Bureau of Labor Statistics said Friday, vs expectations for 185,000 new jobs. Government and healthcare were the two largest sources of new jobs in November, while the end of the auto workers and Hollywood actors and writers strikes also boosted the payrolls report.
