November 2025 Jobs Preview: What To Expect
Job growth has slowed, averaging 40,000 jobs per month recently, compared to 170,000 in 2024, due to reduced immigration. Healthcare is the main sector adding jobs, while manufacturing and mining are losing jobs. Unemployment has risen to 4.4%, affecting disadvantaged groups more. Wage growth is weakening, with real wages barely increasing. November's unemployment rate may rise to 4.5% or higher, with voluntary quits decreasing, indicating worker insecurity.
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