The November jobs data suggests job growth is likely to re accelerate after worker strikes slowed in October.

Nonfarm payrolls grew 185,000 in November, while the unemployment rate remained constant at 3.9%.

Wall Street is expected to focus on these numbers, as investors believe the Fed is done raising rates and expect cuts in 2024.

Oxford Economics head US economist Nancy Vanden Houten expects the November employment report to show an acceleration in job growth, driven by the return of striking UAW and SAG-AFTRA workers.

The latest Job Vacancies and Labor Turnover Survey showed a 1.34 ratio of job vacancies to unemployed workers, the lowest since August 2021.