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12/4/2015, 2:47 PM (Source: TeleTrader)
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Employers in U.S. add 211,000 jobs in November

The unemployment rate was left at 5% and non-farm payroll employment rose by 211,000 in November in the United States, compared to 298,000 from the previous month, revised upward by 27,000. The dollar jumped against European currencies after the report was published on Friday by the Bureau of Labor Statistics. The latest figures strengthen the case for the Federal Reserve to increase the benchmark interest rate at its meeting in mid-December.

Most people were hired in construction, professional and technical services, while losses were registered in mining and information. The number of unemployed persons stood at 7.9 million. The September figure was also revised up, from 137,000 to 145,000 new jobs.

The average workweek in the private non-farm segment was cut by 0.1 hour to 34.5 hours in November, while hourly earnings increased four cents to $25.25, after adding nine cents in the previous month. The wage growth translates to 2.3% against the comparable month of last year, after an increase by 2.3% in October.

The dollar appreciated 0.48% against a basket of major currencies, adding 0.52% versus the euro, 0.35% compared to the British pound, and 0.98% against the Swiss franc (all 2:47 p.m. CET).

 

Image: Beta/AP

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