US economy likely added 153,000 jobs last month, returning to normal after strike and hurricanes

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US economy likely added 153,000 jobs last month, returning to normal after strike and hurricanes
Federal Reserve SystemBostonGeneral News
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Getting a clear view of the U.S. job market hasn’t been easy the past few months. Hurricanes and a big strike at Boeing threw off the October jobs numbers, pushing them down and setting up a payback rebound in November that likely exaggerated the strength of hiring.

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Boston College economist Brian Bethune is slightly more optimistic about last month’s hiring. He’s expecting 165,000 to 175,000 new jobs in December – a number, he says, that would be seen by Federal Reserve Chair Jerome Powell as striking a Goldilocks balance, not hot enough to inflame worries about inflation, not cold enough to suggest the economy is sputtering. “If we got a number in that range, he’d put his feet up on the desk and probably have a good bourbon,’’ Bethune said.

gross domestic product – the nation’s output of goods and services -- has expanded at a robust annual pace

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