Nonfarm payrolls were expected to increase 214,000 in November, according to the Dow Jones consensus forecast.
Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday.
Job gains were focused in health care , leisure and hospitality and government , sectors that have consistently led payroll growth for the past few years. Traders accelerated their bets on a rate cut following the payrolls release, with market-implied odds rising above 88% for a quarter percentage point reduction. when central bank policymakers make their next decision on Dec. 18.
Markets Breaking News: Markets Breaking News Economy Breaking News: Economy Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nonfarm payrolls grew more than expected in NovemberNonfarm payrolls grew more than expected in November
Read more »
US November Nonfarm Payrolls Preview: Analyzing Gold price reaction to NFP surprisesNonfarm Payrolls in the US are forecast to increase by 195,000 in November.
Read more »
Private payrolls grew by 146,000 in November, less than expected, ADP saysCompanies added 146,000 jobs on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000.
Read more »
US private payrolls growth slowed in NovemberUS private payrolls growth slowed in November
Read more »
Weekly Horoscope: November 24 - November 30See what this weekly horoscope has in store for you, including why you should watch your mouth this week.
Read more »
Weekly Horoscope: November 17 – November 23See what the stars have in store for you with this weekly horoscope, including how you can encourage your own growth.
Read more »