Friday, December 7, 2007

Non-farm Payrolls Rose By 94,000 In November

The Labor department reported that 94,000 jobs were added in November, while the unemployment rate remained steady at 4.7%. Average hourly earnings rose 0.5% above the estimate of a 0.3% increase. Details from Bloomberg...

The Reuters/University of Michigan index of confidence fell to 74.5, below the estimate of 75.0 and the lowest since October of 2005. More from Reuters...