Nov. Nonfarm Payrolls: +120K vs. consensus of +125K, +100K (revised) prior. Unemployment 8.6% vs 9% expected. Avg. hourly earnings -0.1%. to $23.18
With what is basically a consensus hit on the jobs numbers (and a real upside surprise in headline unemployment rate of 8.6%), eyes are on some of the secondary measures: U6 slipped, but so did participation (down to 64% from 64.2%). October payrolls were revised up to +100K from +80K.
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