Job creation showed little signs of a let-up in November, as payrolls grew even faster than expected and the unemployment rate fell despite signs of a weakening economy.
Nonfarm payrolls rose by 199,000 for the month, slightly better than the 190,000 Dow Jones estimate and ahead of the October gain of 150,000, the Labor Department reported Friday.
The unemployment rate declined to 3.7%, compared to the forecast for 3.9%.
Average hourly earnings, a key inflation indicator, increased by 0.4% for the month and 4% from a year ago. The monthly increase was slightly ahead of the 0.3% estimate, but the yearly rate was in line.
Markets showed mixed reaction to the report, with stock market futures modestly negative while Treasury yields surged.
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Sumber: www.cnbc.com
