November Nonfarm Payrolls Rose 39.000; Unemployment Rate At 9.8%

(For November 2010)

Nonfarm payrolls rose 39.000 in November. The consensus was at 150.000, October reading was an increase of 172.000 (revised +21.000). The unemployment was reported at 9.8% vs. prior reading of 9.6% and consensus of 9.6%.

Private payrolls were up 50.000 vs. 160.000 consensus and 160.000 reading in October (revised +1.000).

Average weekly hours worked for private employees stayed unchanged at 34.3.

Huge NEGATIVE surprise.

Chart 1. Nonfarm Payrolls & Unemployment Rate

Chart 2. US Average Weekly Hours All Employees

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This entry was posted on Friday, December 3rd, 2010 at 7:44 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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