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Nov Nonfarm Payrolls 10-mo High +266k; AHE..>

US DATA
US DATA: Nov Nonfarm Payrolls 10-mo High +266k; AHE +0.2%
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-Nov Nonfarm Payrolls +266K; Unemp Rate 3.5% V 3.6% In Oct
-Oct Jobs Rev +156K (Prev +128K); Sep +193K (+180K); Net +41K
-Nov Unrounded Unemployment Rate 3.5346% Vs Oct 3.5622%
-Nov Private Payrolls +254K Vs Oct +163K; Govt +12K Vs -7K
-Nov Manufacturing +54K; Motor Vehicle, Parts Equip +41K 
-Nov Avg Hourly Earnings +0.2% Vs Oct +0.4%; +3.1% Y/Y
-Nov Aggr Hrs Index +0.2%; Avg Workwk Unch At 34.4 Hrs
-Nov Labor Force Participation Rate 63.2% Vs 63.3% In Oct
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A blockbuster jobs report as payrolls rebounded to +266k, a 10-month 
high, with +41k in net revisions (Oct +156k, Sept +193K). UER dipped 
back to 50-year low of 3.5%. But earnings growth missed at +0.2% vs 
+0.3% expected. Y/Y AHE +3.1%. Private payrolls +254k, boosted by manuf 
+54k as GM strikers returned to work. Health care also +45k mostly 
in ambulatory services (+34k); prof and tech services +31k. YTD payrolls 
avg +180k (3Q avg +189k) vs +223k in 2018. People working part time for 
economic reasons now 4.3m, down -459k over the past year; people 
marginally attached to labor force 1.2m, down -432k from last year.  

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