- German Factory Orders m/m +2.5%
- Canada Unemployment Rate rose to 6.6% from 6.5&
- NFP 321K for November vs 231K expected
- U.S. Unemployment Rate unchanged at 5.8% as expected
Total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were widespread, led by growth in professional and business services, retail trade, health care, and manufacturing.
The change in total nonfarm payroll employment for September was revised from +256,000 to +271,000, and the change for October was revised from +214,000 to +243,000. With these revisions, employment gains in September and October combined were 44,000 more than previously reported.
Key market moving events today
October NFP revised from 214K to 243K
Euro continues to weaken against Dollar, today’s NFP pushed the currency pair into new lows. Currency pair has been bearish for 7-months by now.
Traders are looking for shorts until we reach 1.2000 area where strong support is expected.