Although nonfarm payrolls rose a disappointing 210,000 in November, the labor market is tightening fast. The unemployment rate dropped to 4.2%, down a record 1.6 ppt since June, excluding 2020. This provides enough cover for the Fed to accelerate the taper and could set up a rate hike next summer. In other reports, services activity surged, factory orders rose, but vehicle sales fell.
Complete the form and a member of our team will send you a copy of this publication.
While you wait, explore additional NDR research and solutions.
Institutional Investors
Custom Research
Wealth Managers
Stock Selection
ETF Selection
Please note that you are using an unsupported browser. While the site will continue to function, you might experience sub-optimal behavior until you upgrade. Please update your browser to a later version for a better experience.