November jobs report continues the uphill climb at 1780000 jobs added. With a 4.6 unemployment rate, the United States employment market maintains solid growth, a reading close to the 180,000 consensus would signal steady hiring and more progress toward the Fed’s goal of full employment.
Also a plus, average hourly earnings for private-sector workers advanced 2.8% from a year earlier in October, the strongest pace of growth since the recession. Such gains outpace inflation and give households more money to spend, which should help broader economic growth. They are also a sign workers are able to demand better pay as the labor market gets tighter.
More good news as we move into 2017!