US Non-farm Payrolls at 178K in November

US Bureau of Labor Statistics has informed that Non-farm Payrolls showed the US economy added 178K jobs during last month, slightly above the 175K forecasted and up from October’s142K (revised from 161K).

The report also showed the unemployment rate dropped to 4.6% while Average Hourly Earnings unexpectedly contracted 0.1% on a monthly basis.