120,000 Jobs Added to U.S. Non-Farm Payrolls in November Friday, December 2, 12:35 PM ET
The U.S. economy added 120,000 jobs in November, and the unemployment rate fell, the Labor Department said today.
Non-farm payrolls rose by 120,000, just shy of economist expectations, mainly due to gains in the private sector.
The private sector added 140,000 jobs, especially in retail, while 20,000 government jobs were cut.
Unemployment fell to 8.6%, compared to economist expectations for it to remain unchanged at 9%.
October and September jobs data were revised upward, to record an additional 72,000 jobs added in those two months.
The dollar is losing ground following the report, leading the U.S. Dollar Bullish Fund (AMEX:
UUP) to trade down a penny, while the Euro Trust (AMEX: FXE) trades up slightly.
Gold is trading higher, and the SPDR Gold Shares (AMEX:
GLD) is trading up by a quarter of a percent, while the iShares Gold Trust (AMEX: IAU) trades up over .1%.
Crude oil is trading higher as well, to $100.50 a barrel. The DB Oil Fund (AMEX:
DBO) is trading down a penny, while the Energy Select Sector SPDR (AMEX: XLE) trades about .8%.
Overall, U.S. stocks are in the green, with the SPDR S&P 500 (AMEX:
SPY) trading up three quarters of a percent.
For MarketNewsVideo.com, I'm Sayoko Murase.
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120,000 Jobs Added to U.S. Non-Farm Payrolls in November
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