Report
U.S. November Employment Report: Softer than expected job gains
Key points: U . S . job gains decelerated in November increasing by 155K versus expectations of 198K.Yet, this number remains within the usual range with potential candidates to explain the slowdown (weather, fires…). The near-term trend is now softer but remains close to 200k.Meanwhile, the unemployment rate was flat at 3.7% with a stable participation rate. Wage growth kept expanding at 3.1% on a yearly basis. This number should not be a game changer either for the market ’s mood or for Fed expectations.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Thomas Julien
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