Economists expect the November non-farm payrolls report to show that the U.S. created 200,000 jobs in November, compared with just 12,000 jobs added in October due to distortions caused by two hurricanes and the Boeing strike. The unemployment rate is likely to rise slightly to 4.2% in November compared to 4.1% in October. Meanwhile, average hourly earnings are expected to increase 3.9% in November, following a 4.0% increase in October. Powell had said at an event this week that there was no need to rush to cut interest rates because the economy was still growing, the job market was stable and inflation remained above the 2% target. Looking ahead to the November non-farm payrolls report, TD Securities analysts said they expect 75,000 jobs to return to the mean in November as the effects of the two hurricanes fade away. In addition, the unemployment rate is expected to rise by 0.1% to 4.2%, while the monthly rate of hourly earnings is likely to fall to 0.2% after a sharp increase of 0.4% in October.