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Thread: Jobs growth soars in November

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    Default Jobs growth soars in November

    Jobs report beats - doubles "whisper number"...

    Jobs growth soars in November as payrolls surge by 266,000

    KEY POINTS

    Nonfarm payrolls surged by 266,000 in November, better than the 187,000 expected by economists polled by Dow Jones.

    The unemployment rate ticked down to 3.5% from 3.6%, back to the 2019 low and matching the lowest jobless rate since 1969.

    The end of the GM strike had a big effect, boosting employment in motor vehicles and parts by 41,300, part of an overall 54,000 gain in manufacturing.

    Average hourly earnings rose by 3.1% from a year ago, slightly above the 3% expected by economists polled by Dow Jones.
    https://www.cnbc.com/2019/12/06/us-n...mber-2019.html


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  3. #2

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    Default Re: Jobs growth soars in November

    Quote Originally Posted by tsptalk View Post
    Jobs report beats - doubles "whisper number"...

    Jobs growth soars in November as payrolls surge by 266,000



    https://www.cnbc.com/2019/12/06/us-n...mber-2019.html

    I would think that seasonal hiring at companies such as UPS, Fedex, etc. would have had a big impact on these numbers too. With hindsight, it may have been a good time for a quick in-and-out of stocks prior to the seasonal dip expected for next week. But, then again, those darn IFT limitations...

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