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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access**MNI: 5 Things We Learned From The November Employment Data>
By Sara Haire, Kevin Kastner and Holly Stokes
WASHINGTON (MNI) - The following are the key points from the
November employment report released by the Bureau of Labor Statistics
Friday:
- Nonfarm payrolls rose by 228,000 in November and were up 221,000
for private jobs alone, both ahead of expectations. An MNI analysis had
shown a tendency of analysts to underestimate payrolls in November.
- Payrolls in September and October were revised up by a net 3,000,
reflecting an upward revision to September and downward revision to
October. The largest gains were in health care, manufacturing, and
construction, while retail and food services both added small gains.
- The unemployment rate held steady at 4.1%, but rose modestly
to 4.118% unrounded vs 4.065% in October, as household unemployed rose
slightly faster than employed. The participation rate held steady at
62.7%.
- Average hourly earnings were up 0.2% in November after a 0.1%
decline in October, softer than the 0.3% gain expected. The
year-over-year rate rose to 2.5% from 2.3% in the previous month.
- Overall, the data suggest payrolls strength and a low
unemployment rate now that the hurricane-led volatility of the previous
two months has passed. The report today should not have an impact on the
FOMC decision next week, but will be a topic of discussion for policy
going forward.
** MNI Washington Bureau: 202-371-2121 **
[TOPICS: MAUDS$,M$U$$$,MAUDR$]
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.