Private payrolls in November increased by a solid 197,000 (seasonally adjusted) last month, according to this morning’s release from the US Labor Department. Although that’s well below the previous month’s upwardly revised gain of 304,000, today’s update is probably strong enough to give the green light to the Federal Reserve to start raising interest rates later this month.
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● US jobless claims rise but still close to historic lows | Bloomberg
● Challenger’s job cuts report: layoffs fall to 14-mo low in Nov | CG&C
● US Non-Mfg Index: growth moderates in Nov | MarketWatch
● PMI: Service sector growth in Nov improves to fastest since Aug | Markit
● US factory orders rebound in Oct after two monthly declines | Reuters
● US Consumer Comfort Index fell to 1-year low last week | Bloomberg
● ECB stimulus announcement falls short of market expectations | Reuters