Investors hope final Non Farm Payroll of 2014 will kick-off season of good cheer
This afternoon will see the release of November’s Non Farm Payroll results. Early data would preliminarily suggest that US employment isn’t faring as well as investors would have hoped, with less than encouraging jobs numbers in the build-up to tomorrow’s release.
October’s Non Farm payroll numbers came in below consensus at 214,000, far wide of the predicted 231,000 and the third time the NFP forecast was missed in four months. ADP employment change for November – which can act as an early indicator for payroll results – came in 13,000 below the 221,000 forecast, the first time this figure has disappointed since August. Continuing jobless claims also came in off forecast (2.362m versus a 2.328m forecast), despite having consistently come in below the consensus since the October’s payroll.
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