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November Jobs Report Gives Yellen Green Light

Published 12/05/2015, 01:30 AM
Updated 05/14/2017, 06:45 AM

Today's jobs report was the last key release ahead of the FOMC meeting on 15-16 December and should make the Fed feel comfortable about raising the Federal funds rate target for the first time since 2006. The November jobs report was stronger than we had expected but in line with consensus. Overall, nonfarm payrolls increased by 211,000 in November (Danske Bank 175,000, consensus 200,000). The total revision of September and October was +35,000. The increase in employment was driven by the private sector as private employment grew by 197,000 in November. The unemployment rate was unchanged at 5.0%. We believe it will very soon fall below.


To Read the Entire Report Please Click on the pdf File Below.

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