- Employment report shows increase in payroll less than expectations.
- Fall in the unemployment rate, partly made possible by a reduction in the workforce.
The official US employment report for November showed a increase in jobs of 245,000, below the market consensus of 469,000 and less than 610,000 in October (revised down from 638,000). It is the seventh month in a row with job creation, but the lowest.
The unemployment rate it fell from 6.9% to 6.7%, that is, more than the average of economists’ estimates that was for a reading of 6.8%. The decrease occurred with a fall in the labor participation rate that went from 61.7% to 61.5%.
Regarding the income, there was an increase of 0.3% in November, higher than the 0.1% of the market consensus. Compared to a year ago, hourly earnings were up 4.4%, similar to the previous month.
The dollar it regressed modestly after the data, but without significantly departing from its previous level, nor did it change the trend.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
