Friday's news follows last month's strong , when the Labor Department said 271,000 jobs were created in October - the most in all of 2015 - with unemployment falling slightly from 5.1 to 5 percent. Average hourly earnings climbed 0.2%, lower than the 0.4% reported for October, but still registering a healthy 2.3% year-over-year gain.
A positive jobs report for November "all but guarantees" the Federal Reserve will raise US interest rates later this month, experts say. The good news is the retail sector added 30,700 jobs and construction payrolls increased by 46,000 last month.
A strong United States jobs report flashed a green light on Friday (Dec 4) for the Federal Reserve to increase interest rates this month, pushing the dollar up from its sell-off the previous day. By some , the "neutral" rate - that is, the threshold above which the Fed would be hitting the brakes - could be as low as 1 percent.
"The employment report was the final nail in the coffin that we're going to see a rate rise", JJ Kinahan, chief strategist at TD Ameritrade, said.
It's also worth keeping in mind that with the labor market tightening, many economists expect monthly job gains to slow soon. Hospitals added 13,000 jobs in November. The clear message from the labor market to the Fed is: "'Just do it!'" Harm Bandholz, chief USA economist at UniCredit Research, told Reuters. Though the pivotal policy meeting is less than two weeks away, she said that would still hinge on whether incoming information supported the Fed's outlook. Job growth has been solid, and wages have begun to rise, but not so much as to cause concern about future high inflation. Year-over-year hourly pay rose 2.3 percent after a 2.5 percent gain a month earlier. The college-level , which can serve as a proxy for professional employment, was also unchanged month over month at 2.5%.
Israel won't be binational state, Palestinians must choose peace: PM
Since then, 19 Israelis have been killed in Palestinian attacks, mostly stabbings and shootings. Kerry said that the distrust between the two sides has never been more profound.
The figures are "very solid, very consistent with the Fed hiking", said James Sweeney, US economist at Credit Suisse.
"Wage growth moderated somewhat, but the labor force participation rate ticked up for the first time since May".
"However, it would now be a surprise if we didn't see the first increase in interest rates since 2006", Mr Mould added.
Manufacturing has been crippled by a strong dollar, efforts by businesses to reduce bloated inventory and spending cuts by energy companies scaling back well drilling and exploration in response to sharply lower oil prices.
"Overall this confirms what Janet Yellen has called and keeps the Fed well on course to raise interest rates on 16 December".
