Saturday, December 09, 2006

Forex News: U.S. nonfarm payrolls rise 132,000 in November

Forex News

Nonfarm 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%.


Post a Comment

<< Home