TSP Talk Blog

Job growth falls short of expectations in November: 155,000 payrolls created vs 198,000 estimate

Nonfarm payrolls increased by 155,000 in November, the Labor Department says. Economists surveyed by Dow Jones had been expecting payroll growth of 198,000.

The average hourly earnings gain of 0.2 percent fell short of estimates for a 0.3 percent increase.

October's jobs count was revised lower from an initially reported 250,000 to 237,000.

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It was another wild ride on Wall Street Thursday as stocks opened sharply lower and we saw losses near 800-points again for the Dow, after losing 800 on Tuesday. But the downside pressure was like a rubber band that was ready to snap back, and that's what it did, and the 785-point morning loss in the Dow was nearly erased and it ...