2025-11-20 13:30:00
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Private Payrolls +97K vs +62K expected. Prior 38k
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Manufacturing Payrolls: K vs -8K expected. Prior -12k.
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Government Payrolls K vs -16K prior
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Unemployment Rate % vs 4.3% expected. Prior 4.3%
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Average Earnings MoM +% vs +0.3% expected. Prior 0.3%
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Average Earnings YoY +% vs +3.7% expected. Prior 3.7%
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Average Workweek Hours K vs 34.2 expected Prior 34.2
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Labor Force Participation Rate % vs 62.3% prior
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U6 Underemployment % vs 8.1% prior
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Two-month net revision
This is the first jobs report since the government shutdown. This was initially scheduled for just a few days after the shutdown but was cancelled and now finally rescheduled. This is also the last jobs report before the Dec 10 FOMC decision. The market is pricing in just a 21% chance of a December rate cut and it’s hard to see how this report could change that.
This article was written by Adam Button at investinglive.com.
