“The US jobs creation engine again exceeded expectations, adding 263,000 jobs in Nov while the jobless rate stayed at 3.7% , even as labor force participation rate dipped 0.1pt to 62.1%, matching the lowest this year while the unemployed numbers fell by 48,000 to 6.01 million. Wage growth accelerated in Nov, to 0.6% m/m, 5.1% y/y .”
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