Employment Situation
This morning’s major economic release was November’s Employment report at 8:30 AM ET that showed the employment sector remained strong last month. It revealed that 266,000 new jobs were added to the economy last month and that October and September's numbers were revised higher by a combined 43,000. Those revisions combined with November’s number pushes the 3-month average above a healthy rate of 200,000 new jobs per month. Also in the bad news column is word that the unemployment rate slipped 0.1% to again stand at September’s rate of 3.5%, which was the lowest since 1969.