"Jobs Market Softens, Stocks Remain Steady: Stock Market Update"

The November jobs report is expected to show an acceleration in job growth due to the return of striking UAW and SAG-AFTRA workers, with an estimated boost of 45,000 jobs. Adjusted for these strikes, job growth is projected to be around 160,000, down from 183,000 in October. The impact of the auto strike on employment in the manufacturing sector was reflected in the October jobs report, with a decline of 35,000 jobs. Additionally, labor disputes in the motion picture and sound recording industries have led to a decline of 44,000 jobs since May. Despite the strike-related noise, the jobs report is expected to reflect softening labor market conditions, potentially allowing the Federal Reserve to hold off on further rate increases.