The U.S. economy added just 210,000 jobs in November, a slowdown in hiring that clouds a recovery amid new Covid-19 uncertainties. The slower pace of hiring last month--the smallest monthly gain since last December--followed an upwardly revised increase of 546,000 jobs in October, the Labor Department said Friday. The unemployment rate fell to 4.2% as more people joined the labor force, the department added.
U.S. employment increased far less than expected in November, likely as millions of unemployed Americans remained home despite companies boosting wages, generous jobless benefits expiring and schools fully reopening. Nonfarm payrolls increased by 210,000 jobs last month, the Labor Department said on Friday.
The Baltic Exchange's dry bulk sea freight index advanced on Friday to post its biggest weekly rise since mid-August, propelled by gains across vessels segments. * The overall index, which factors in rates for capesize, panamax and supramax vessels, added 56 points, or 1.8%, to a one-month high of 3,171.
Raphael Bostic, the Federal Reserve Bank of Atlanta president, wants the Fed to wrap up the so-called taper of its asset-buying program sooner rather than later. "I think having this finish some time towards the end of the first quarter would be in our interest," he said. Meanwhile, in his final public appearance before he leaves the Fed at the end of the month, Randal Quarles said the central bank should prepare to raise interest rates because inflation was likely to stay above its 2%...
The U.S. added 210,000 jobs in November, and the unemployment rate fell to 4.2%. Slower hiring clouds a recovery that also faces new Covid uncertainties. (END) Dow Jones Newswires 12-03-21 0847 ET Copyright (c) 2021 Dow Jones& Company, Inc..
Canada's economy posted an unexpectedly large job gain in November, driving the jobless rate down and hours worked up to pre-pandemic levels, data showed on Friday, but economists say it is unlikely to change the Bank of Canada's guidance amid worries over a new coronavirus variant.
* Nonfarm payrolls increase 210,000 in November. * Unemployment rate falls to 4.2% from 4.6% * Average hourly earnings up 0.3%; workweek rises to 34.8. By Lucia Mutikani.
The Canadian economy added a net 153,700 jobs in November, beating expectations, and the jobless rate slipped to 6.0% from 6.7% in October, Statistics Canada said on Friday. Economists polled by Reuters had predicted a gain of 35,000 jobs in November and for the unemployment rate to fall to 6.6%.
* Saunders sees advantages in waiting for Omicron effect. * BoE rate-setter also warns of risks from rate hike delay. * Saunders was one of two MPC members to back a hike in Nov. * Sterling falls, bets on Dec rate hike scaled back. By William Schomberg and Kate Holton.
Industrial production in Brazil fell 0.6% in October from September, government statistics agency IBGE said on Friday, marking a fifth consecutive monthly decrease. The drop surprised analysts who had expected a 0.6% rise for output in Latin America's largest economy, according to the median estimate in a Reuters poll.
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