Market news
06.12.2019, 13:45

U.S. nonfarm payrolls increase more than forecast in November

The U.S. Labor Department announced on Friday that nonfarm payrolls increased by 266,000 in November after an upwardly revised 156,000 gain in the prior month (originally an increase of 128,000).

According to the report, significant job gains occurred in health care (+45,000 jobs) and in professional and technical services (+31,000). In addition, manufacturing employment rose by 54,000, reflecting the return of workers from a strike.

The unemployment rate fell to 3.5 percent in November from 3.6 percent in October.

Economists had forecast 180,000 new jobs and the jobless rate to stay at 3.6 percent.

The labor force participation rate edged down to 63.2 percent in November from 63.3 percent in October, while hourly earnings for private-sector workers rose 0.2 percent m-o-m (+7 cents) to $28.29, following a revised 0.4 percent m-o-m gain in October (originally an increase of 0.2 percent m-o-m). Economists had forecast a 0.3 percent m-o-m advance in the average hourly earnings. Over the year, average hourly earnings have increased by 3.1 percent, following a revised 3.2 percent rise in October (originally a 3.0 percent advance).

The average workweek remained unchanged at 34.4 hours in November, matching economists’ forecast.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location