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.
U.S. employers added more jobs than expected in November and average hourly earnings growth was also hotter than expected, which could add to the Federal Reserve's resolve to keep rates higher for longer to cool the labor market and rein in inflation.
There was a gain of 199,000 jobs in November, more than the 183,000 analysts had expected, the unemployment rate unexpectedly fell two-tenths to 3.7%, and more people entered the labor market.
November job gains were led by healthcare (+77,000) and government (+49,000), and the end of a six-week strike against the three largest U.S. carmakers boosted motor vehicles and parts manufacturing jobs by 30,000, the Bureau of Labor Statistics said. Retail employment fell by 38,000.
Average hourly earnings added 0.4% in November, a tenth higher than expected and marking a gain of 4.0% over the past 12 months. The employment-to-population rate rose 0.3 percentage point as the labor force continued to expand.
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.