Dec
09

Excellent Employment

Net jobs growth of 266,000 in November, along with upward revisions to September and October totaling 41,000, and a slight decline in the unemployment rate to 3.5% makes this a solid job report. Better yet, average job growth over the past three months has averaged 205,000, the best since 1/19. The only clear weakness, wage growth of just 0.2% during November and just 3.1% Y-o-Y. Christmas shopping should be strong!       

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