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U.S. jobs & wages report for November looks solid. Payroll figures came in better than expected while average hourly earnings slightly missed estimates. Market reaction was a bit messy but pretty much the usual stuff of taking out both sides before returning to what it was doing before the release.
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U.S. jobs report came in weaker than expected
Eagerly awaited U.S. jobs and wages report came in weaker than expected. While the headline Nonfarm Payrolls figure came in at a solid 151K, both Average Hourly Earnings and Average Weekly Hours ticked down.
That probably means no September rate hike from the Fed but December remains firmly on the table. U.S. dollar ended the week higher against the euro, the yen and the franc and lower against the pound and the commodity block.
That probably means no September rate hike from the Fed but December remains firmly on the table. U.S. dollar ended the week higher against the euro, the yen and the franc and lower against the pound and the commodity block.
Are #Investors secretly hoping for poor US data?
- Expectations:
Average Hourly Earnings are expected to shrink to 0.2% from 0.5%. A read above 0.5% would be considered high; bellow 0.0% low.
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