US non-farm payroll employment grew 227k in November, close to expectation of 218k. That’s notably higher than the average of 186k monthly growth over the prior 12 months.
Unemployment rate rose from 4.1% to 4.2%, above expectation of 4.1%. Labor force participation rate was at 62.5%, ticked down from 62.6%.
Average hourly earnings rose 0.4% mom, above expectation of 0.3% mom. Over then past 12 months, average hourly earnings rose 4.0% yoy.
