Forex News: U.S. nonfarm payrolls rise 132,000 in November
Forex NewsNonfarm payrolls increased by132,000 in November, easing worries that the economy is weakening.
The unemployment rate ticked up to 4.5% from 4.4% in October, which was a five-year low.The gain in payrolls was higher than expected. Economists were forecasting an average gain of 112,000 in November.
Payrolls growth in October and September was revised higher by a net 42,000 jobs.
Average hourly earnings increased 3 cents, or 0.2%, to $16.94 in November. Wage earnings are up 4.1% in the past year.
The average workweek was steady at 33.9 hours. Total hours worked in the economy increased 0.1%.
posted by Kalin Tasev @ 1:49 PM
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