America’s non-farm payroll has surged by the most in 10 months, in a boost for the economy….and Donald Trump
- Latest: US non-farm payroll beats forecasts
- Job creation up, unemployment rate down
- NFP up by 266,000
As suspected, the end of the General Motors strike did boost job creation last month:
Manufacturing added 54,000jobs— including 41,000 in motor vehicles & parts as GM workers return to work after the strike. https://t.co/vH1t0DcikG
Manufacturers added 54k jobs in November. Implies factory employment was roughly flat in both October and November once you take out the GM strike effect.
#NFP – 3m avg now 205k, highest since Jan
Blockbuster US jobs report. Larger than expected payrolls surge (266k vs 180k cons), even in manufacturing. AHE below expectations on MoM (+0.2% vs 0.3% cons) but a beat on YoY basis (+3.1% vs +3.0% consensus). https://t.co/BsVkobPOrk pic.twitter.com/0bsztO1FJi
Returning GM workers or not, that’s a solid payroll report. +266k with +41k in revisions, mostly private (not gov’t), manufacturing gains, solid wage trends, workweek steady, and labor force participation only down 0.1%. Bottom line: Labor market remains solid. #NFP pic.twitter.com/zEBWBjCeKQ
Bloomberg’s Matthew Boesler has spotted that wage growth for some US workers has hit the highest level since the financial crisis.
Live-blogging this jobs report on TLIV <GO>. First thing to catch my eye is this big upward revision to wage growth for production and nonsupervisory workers: 3.76% in October and 3.65% in November mark the two highest prints of the expansion pic.twitter.com/En6kwLkDAL