The UST10-Year yield is at 2.402% this morning after closing at 2.449% yesterday.
This morning, the much anticipated Nonfarm Payrolls data was released showing a gain of 178K additional jobs for the month of November. Employment gains occurred in professional and business services, and in health care. The average hourly earnings in the private sector declined by 3 cents to $25.89 after an 11-cent increase in October, according to the Bureau of Labor Statistics.
Change in Manufacturing Payrolls came in at -4K vs. the forecasted -2K. The manufacturing workweek declined by 0.2 hours to 40.6 hours and overtime remained unchanged at 3.3 hours. The employment rate in 2016 has had an average increase of 180K, compared to 229K in 2015.
The Unemployment Rate in November declined by 0.30% to 4.60 the lowest reading since August 2007, with the overall unemployment rates for men and women dropping to 4.30% and 4.20% respectively. However, the other contributor to this drop was the extensive number of workers exiting the labor force which have total 226K so far.
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The UST 10-Year yield is at 2.402% this morning after closing at 2.449% yesterday.
This morning, the much anticipated Nonfarm Payrolls data was released showing a gain of 178K additional jobs for the month of November. Employment gains occurred in professional and business services, and in health care. The average hourly earnings in the private sector declined by 3 cents to $25.89 after an 11-cent increase in October, according to the Bureau of Labor Statistics.
Change in Manufacturing Payrolls came in at -4K vs. the forecasted -2K. The manufacturing workweek declined by 0.2 hours to 40.6 hours and overtime remained unchanged at 3.3 hours. The employment rate in 2016 has had an average increase of 180K, compared to 229K in 2015.
The Unemployment Rate in November declined by 0.30% to 4.60 the lowest reading since August 2007, with the overall unemployment rates for men and women dropping to 4.30% and 4.20% respectively. However, the other contributor to this drop was the extensive number of workers exiting the labor force which have total 226K so far.
The curve has bull-flattened with the UST 10-Year 4.7 bps down from prior closing.
Have A Great Weekend!