U.S. nonfarm payrolls up 64,000 in November…exceed expectations

Uk Jin

Summary

U.S. November nonfarm payrolls increased by 64,000, exceeding market expectations (40,000).
November unemployment rate was 4.6%, 0.1 percentage points higher than experts' forecast (4.5%).
October's nonfarm payrolls fell by 105,000, and the unemployment rate rose 0.2 percentage points compared with September.

Last month's U.S. employment figures exceeded market expectations.

The U.S. Department of Labor said on the 16th (local time) that nonfarm payrolls increased by 64,000 in November from the previous month. This figure exceeds the market forecast (40,000). It is 55,000 fewer than the revised September figure (119,000).

Meanwhile, October nonfarm payrolls were reported to have declined by 105,000.

The November unemployment rate was 4.6%, exceeding experts' forecast (4.5%) by 0.1% percentage points. Compared with the September unemployment rate (4.4%), it rose by 0.2% percentage points.