November Nonfarm Payrolls Rose 39.000; Unemployment Rate At 9.8%
(For November 2010)
Nonfarm payrolls rose 39.000 in November. The consensus was at 150.000, October reading was an increase of 172.000 (revised +21.000). The unemployment was reported at 9.8% vs. prior reading of 9.6% and consensus of 9.6%.
Private payrolls were up 50.000 vs. 160.000 consensus and 160.000 reading in October (revised +1.000).
Average weekly hours worked for private employees stayed unchanged at 34.3.
Huge NEGATIVE surprise.
Chart 1. Nonfarm Payrolls & Unemployment Rate
Chart 2. US Average Weekly Hours All Employees
Nonfarm Payrols, U.S. Average Weekly Hours Worked, Unemployment Rate