USA: job creation exceeds expectations

(CercleFinance.com) - The U.
S. economy generated 199,000 non-farm jobs in November, according to the Labor Department, well above market expectations, including Jefferies' expectation of only 140,000.

The unemployment rate fell by 0.2 points to 3.7% of the labor force (versus a rise to 4% expected by Jefferies), the labor force participation rate stood at 62.8%, and average hourly earnings grew at an annual rate of 4%.

In addition, job creations were revised down from 297,000 to 262,000 for September, but confirmed at 150,000 for October, i.e. a total revision balance of -35,000 for these two months.

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