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Story summary
- U.S. nonfarm payrolls are expected to rise by 50,000 in November, rebounding from October's decline caused by government cost-cutting, with gains in healthcare and leisure.
- Job losses are anticipated in professional services and manufacturing.
- The Federal Reserve recently cut interest rates but indicated further reductions are unlikely as it assesses labor market conditions.
- The unemployment rate is projected around 4.4% in November.
