Breaking: US Nonfarm Payrolls increase by 199,000 in November vs. 180,000 expected
Nonfarm Payrolls (NFP) in the US rose by 199,000 in November, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed October's increase of 150,000 and came in above the market expectation of 180,000.
Follow our live coverage of the Nonfarm Payrolls report and the market reaction.
Other detail of the publication revealed that the Unemployment Rate declined to 3.7% from 3.9% in the same period, while annual wage inflation, as measured by the change in Average Hourly Earnings, held steady at 4% to match analysts' forecast. Finally, the Labor Force Participation Rate ticked up to 62.8% from 62.7%.
"The change in total nonfarm payroll employment for September was revised down by 35,000, from +297,000 to +262,000, and the change for October remained at +150,000," the BLS noted in its press release. "With these revisions, employment in September and October combined is 35,000 lower than previously reported."
Market reaction to Nonfarm Payrolls
The US Dollar gathered against its rivals with the immediate reaction. At the time of press, the US Dollar Index was up 0.5% on a daily basis at 104.20.
US Dollar price today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.