{"id":122117,"date":"2019-12-06T14:53:27","date_gmt":"2019-12-06T13:53:27","guid":{"rendered":"https:\/\/theworldwidejournal.com\/2019\/12\/06\/us-economy-smashes-forecasts-with-266000-new-jobs-in-november-business-live\/"},"modified":"2019-12-06T14:53:27","modified_gmt":"2019-12-06T13:53:27","slug":"us-economy-smashes-forecasts-with-266000-new-jobs-in-november-business-live","status":"publish","type":"post","link":"https:\/\/theworldwidejournal.com\/?p=122117","title":{"rendered":"US economy smashes forecasts with 266,000 new jobs in November &#8211; business live"},"content":{"rendered":"<p>America\u2019s non-farm payroll has surged by the most in 10 months, in a boost for the economy&#8230;.and Donald TrumpLatest: US non-farm payroll beats forecastsJob creation up, unemployment rate downNFP up by 266,000Earlier: UK house prices up 1% in NovemberIntroduction: German industrial output slumps 1.52pm GMT As suspected, the end of the General Motors strike did boost job creation last month:Manufacturing added 54,000jobs\u2014 including 41,000 in motor vehicles &amp; parts as GM workers return to work after the strike. https:\/\/t.co\/vH1t0DcikGManufacturers added 54k jobs in November. Implies factory employment was roughly flat in both October and November once you take out the GM strike effect.#NFP &#8211; 3m avg now 205k, highest since JanBlockbuster US jobs report. Larger than expected payrolls surge (266k vs 180k cons), even in manufacturing. AHE below expectations on MoM (+0.2% vs 0.3% cons) but a beat on YoY basis (+3.1% vs +3.0% consensus). https:\/\/t.co\/BsVkobPOrk pic.twitter.com\/0bsztO1FJiReturning GM workers or not, that&#8217;s a solid payroll report. +266k with +41k in revisions, mostly private (not gov&#8217;t), manufacturing gains, solid wage trends, workweek steady, and labor force participation only down 0.1%. Bottom line: Labor market remains solid. #NFP pic.twitter.com\/zEBWBjCeKQ 1.47pm GMT Bloomberg\u2019s Matthew Boesler has spotted that wage growth for some US workers has hit the highest level since the financial crisis.Live-blogging this jobs report on TLIV &lt;GO&gt;. First thing to catch my eye is this big upward revision to wage growth for production and nonsupervisory workers: 3.76% in October and 3.65% in November mark the two highest prints of the expansion pic.twitter.com\/En6kwLkDAL Continue reading&#8230;<br \/>\nVia: <a href=\"https:\/\/www.theguardian.com\/business\/live\/2019\/dec\/06\/german-factory-recession-trade-war-opec-china-us-tariffs-business-live\" target=\"_blank\">US economy smashes forecasts with 266,000 new jobs in November &#8211; business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>America\u2019s non-farm payroll has surged by the most in 10 months, in a boost for the economy&#8230;.and Donald TrumpLatest: US non-farm payroll beats forecastsJob creation up, unemployment rate downNFP up by 266,000Earlier: UK house prices up 1% in NovemberIntroduction: German industrial output slumps 1.52pm GMT As suspected, the end of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-122117","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/122117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=122117"}],"version-history":[{"count":0,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/122117\/revisions"}],"wp:attachment":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=122117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=122117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=122117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}