WEEKLY MARKET DIGEST: BARN BURNER U.S. EMPLOYMENT DATA
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
BARN BURNER U.S. EMPLOYMENT DATA
December 7, 2012
In a barn burner development November non-farm payrolls came at 146K vs 90K consensus and 80K whisper number; non-farm private payrolls came at 147K vs 120K consensus and 100K whisper number.
Unemployment rate fell to 7.7% vs consensus of 8%.
This is another in a series of data that shows the U.S. employment is slowly and gradually improving.
If it was not for the fiscal cliff situation, this data would have easily caused DJIA to move up 300 + points.… Please click here or the title below to read more.
December 8, 2012