US November employment report provides further evidence for a December fed funds rate hike | Eurobank
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US November employment report provides further evidence for a December fed funds rate hike

US nonfarm payrolls increased by 211k in November, surpassing consensus expectations for a rise of 200k. Adding to the positive tone of the report, the respective figures of September and October were revised higher by 35k cumulatively, with the three-month moving average increasing to 218k from 199k previously (Figure 1). The increase in nonfarm payrolls in November was mainly driven by the private sector, which rose by 197k.