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November NFP preview; USDJPY forecast
The Employment Situation for November is scheduled to be released today, at 8:30 a.m. (EDT). In October total nonfarm payroll employment rose by 250k compared with an average monthly gain of 211k over the prior 12 months. The unemployment rate remained at 3.7% according to the Bureau of Labor Statistics. Besides, the labor force participation rate increased by 0.2 percentage point to 62.9 percent in October but has shown little change over the year. On Thursday, the ADP National Employment Report showed US Private sector employment increased by 179,000 jobs from October to November. We understand this is well below ... (full story)
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