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REPEAT:MNI DATA ANALYSIS: November Jobs +228k;Unemp Rate 4.1%>

Repeats Story Initially Transmitted at 08:30 GMT Dec 8/13:30 EST Dec 8
--Stronger Than Expected Payrolls Follow +3k Revision To Sept-Oct Jobs
--Unemployment Rate Stays 4.1% After Rounding; Participation Rate 62.7%
--Hourly Earnings +0.2% After -0.1% in October, Y/Y Rate Now +2.5%
By Kevin Kastner, Sara Haire, and Holly Stokes
     WASHINGTON (MNI) - The November employment report released Friday 
showed nonfarm payrolls rose by a stronger-than-expected 228,000 and 
followed offsetting revisions in the previous two months, suggesting 
strength after two months of hurricane-impacted data. 
     An MNI analysis had shown a tendency of analysts to underestimate 
payrolls in November, so the stronger-than-expected reading is not a 
major surprise. 
     The unemployment rate held steady at 4.1%, but ticked up to 4.118% 
unrounded from 4.065% in October. The low rate will likely raise some 
discussion at the FOMC meeting next week and will support the expected 
rate hike. 
     The labor force rose by 148,000 after plunging by 765,000 last 
month. Household employment rose by 57,000, while the number of 
unemployed rose by 90,000. The labor participation rate held steady at 
62.7%, still well below the 63.1% level in September. 
     There were notable payrolls gains posted for health care (+41k), 
manufacturing (+31k), and construction (+24k). Retail (+19k) and food 
services and drinking places (+19k) were also higher. 
     Average hourly earnings were up 0.2% in November, softer than the 
0.3% gain expected, after a 0.1% October decline. The year/year rate 
rose to 2.5% in November from 2.3% in October, but was still below the 
2.8% year/year rate in September. 
     The overall average workweek rose to 34.5 hours from 34.4 hours in 
the previous four months. 
     MNI's Reality Check survey of recruiters by Vicki Schmelzer 
released Thursday showed that hiring slowed a bit, but remained solid in 
November, while wage have started to tick up for mid-level workers as 
firms attempt to hire and retail talent. 
     ** MNI Washington Bureau: 202-371-2121 ** 

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