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November Job Support, December 7, 2018

Norway's work report shows that the US labor market continues to sip. In November, the economy grew by 155,000 jobs…

Norway’s work report shows that the US labor market continues to sip.

In November, the economy grew by 155,000 jobs and unemployment remained at 3.7%.

Wages 198,000 in November, where unemployment is expected to last for a post-war period of 3.7%, the lowest total unemployment since 1969.

Wages were in line with expectations, with an average hourly wage increase of 0.3% compared to with the previous month and 3.1% compared with the previous year. Wage developments have been carefully followed for signs of inflationary pressures in the economy. In October, wages increased by 3.1 percent compared with the previous year, the fastest wage trend since April 2009, while 250,000 new jobs were created.

Following the Friday report, US stock futures were higher according to news that OPEC would reduce oil production,

“The somewhat more modest 155,000 earnings in November wage employment should not go well in the markets with increased nervousness in recent months, but it’s still a stable earnings that indicate that economic growth gradually slows back to its potential pace, “said Paul Ashworth, chief financial officer in the US’s main economy.

“There is nothing here to suggest that the economy suffers a more sudden decline.”

The United States Labor Report on Friday is the week’s biggest economic event during what has been a chaotic week for the markets. (AP Photo / Mary Altaffer)

In November, the manufacturing sector continued to show strength with wage data by 27,000 in that industry after a 26,000 increase in October. Following the Friday report, the 3-month average of labor benefits in the United States was 170,000, from 214,000 in October.

<p class = “canvas-atom canvas text Mb (1.0em) Mb (0) – -sm Mt (0.8em) – sm” type = “text” content = “” M the sheet should not become too disappointed because the fact that there are not enough workers was almost certainly an important factor. “James Knightley, chief international economist at ING.” Decent economic drive means there is no reason to expect a significant drop in demand for workers Anytime soon, but the central issue is whether companies can actually find workers. Given the scarcity of available labor, this indicates additional opposites to wages. “” data-reaction time = “30”> “M ” should not be too disappointed because the fact that there are not enough workers was almost certainly a major factor, “said James Knightley, chief international economist at ING. “Decent economic drive means there is little reason to expect a significant reduction in demand for workers anytime soon, but the key issue is whether companies can actually find workers. Given the shortage of available labor, this further proposes wages. “

Friday’s work report is found not only by volatile markets but a federal reserve that has been shown to change its interest rate on its prospects for interest rate hikes for years. Friday’s report is unlikely to put pressure on that perception.

Last week, the Federal Reserve Chair made Jerome Powell headlines when saying that interest rates are “just below” the calculation of the neutral interest rate – the economy can maintain full employment and 2% inflation – a change of his opinion from early October that Fed was a “long way” from neutral.

<p class = “canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm” type = “text” content = “Nick Timiraos of Wall Street Journal wrote Thursday & nbsp; Powell’s comment in early October was interpreted by investors as a sign of Fed ” planned many more interest rate hikes, a signal he did not try to send.” After the release of Timira’s story at the end of Thursday the markets rose sharply with Dow and the S & P 500 almost erasing all of their previous losses. “Nick Reuters =” 33 “> Nick Timiraos of the Wall Street Journal wore tea on Thursday as Powell’s comment in early October was interpreted by investors who a sign of Fed ” planned many more interest rate hikes, a signal he did not try to send.” After the release of Timira’s story at the end of Thursday, the markets rose sharply with Dow and the S & P 500 erase almost all of their previous losses.

<p class = “canvas-atom kanvastext Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm” = “text” content = ” This post will be updated. & Nbsp; “data-reactid =” 34 “> This post will be updated.

<p class = “canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm” type = “text” content = ” 19659016] <p class = “canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm” type = “text” content = “” Myles Utland is an author of Yahoo Finance. Follow him on Twitter @MylesUdland “data-reactid =” 36 “> Myles Utland is a writer of Yahoo Finance. Follow him on Twitter @MylesUdland

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