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Non-Farm Payrolls figures (updated)
- Non-Farm Payrolls: TBA, expected 180K, previous 128K
- Average Hourly Earnings (YoY): TBA, expected 3%, previous 3%
- Average Hourly Earnings (MoM): TBA, expected 0.3%, previous 0.2%
- Revisions: TBA, previous 95,000
- Unemployment Rate: TBA, expected 3.6%, previous 3.6%
- Participation Rate: TBA, expected 63.3%, previous 63.3%
- U-6 Underemployment Rate: TBA, previous 7%
- Average Workweek: TBA, expected 34.4%, previous 34.4
November Non-Farm Payrolls background
ADP’s Employment Change report for the private sector badly disappointed with an increase of 67,000. On the other hand, the employment component of the ISM Non-Manufacturing PMI indicated elevated hiring.
The NFP feeds into the last Federal Reserve decision of the year, due on December 11. The Fed is set to leave rates unchanged but may provide hints toward the next moves.
See Fed Preview: Is the bar higher for hiking? Powell’s may down the dollar, three things to watch
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