Stock Groups

NFP +210k vs +550k Expected -Breaking

by Mike Robinson

[ad_1]

© Reuters.

Geoffrey Smith 

Investing.com – The U.S. labor markets lost momentum in November and defied expectations for a stronger month of job growth. 

Labor Department reported that nonfarm job growth was only 210,000 during the middle month, compared to 546,000 for October. Although the revised figure was 15,000 higher than the original estimate, it was not enough to offset the surprise of November’s number which fell over 300,000. 

The unemployment rate dropped to 4.2% in November, despite the huge shortfall in employment creation. It was 4.6% in October. This was due to an increase in the labor force participation which rose from 61.6% October to 61.8%. This has been an important problem in the slowdown of economic recovery. It is at its highest level since March 2013.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, futures, indexes and Forex. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts, buy/sell signal, and quotes. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]