USD king as job growth, wages accelerate: US employment growth accelerated to a near three-year high in November with non-farm payrolls increasing by 321k

David Scutt

Scutt Partners

USD king as job growth, wages accelerate: US employment growth accelerated to a near three-year high in November with non-farm payrolls increasing by 321k. The figure, well above the upwardly-revised 243k pace of October and expectations for a decline to 230k, was the largest monthly increase seen since January 2012. Despite the lift in hiring and unchanged labour force participation (62.8%) the unemployment rate held steady at 5.8%, a result that was in line with expectations. Adding to the bullish headline figure average hourly earnings rose by 0.4%, well above the 0.2% increase expected, with the gain the largest recorded since June last year. (VIEW LINK)


David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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