Yaroslav
@suvorov
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
🇺🇸 Fed rate cut odds rise after jobs data
Hiring rose sharply in November after a near-halt the previous month, as the effects of a strike and severe storms in the Southeast receded.
Nonfarm payrolls increased by 227,000 for the month, compared with an upwardly revised 36,000 in October and the Dow Jones consensus estimate of 214,000.
However, the unemployment rate rose as expected to 4.2% amid a decline in the labor force participation rate and a contraction in the workforce. A broader measure of those not working and those working part-time for economic reasons rose to 7.8%.
Wages continued to rise, with average hourly earnings up 0.4% month-over-month and 4% year-over-year. Both figures were 0.1% above expectations.
Stock market futures rose after the report, while Treasury yields fell. Meanwhile, the dollar accelerated its decline, hitting a near-month low of 105.42. After an initial reaction, quotes pared their losses. 0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction