This is probably one of the strongest reports in the past two years, given the upward revisions from previous months and the rise in earnings. YoY, average hourly earnings have increased 2.1% year over year, which is actually higher than CPI inflation of 1.6% in the same time frame.Total nonfarm payroll employment increased by 321,000 in November, and the unemployment
rate was unchanged at 5.8 percent, the U.S. Bureau of Labor Statistics reported today.
Job gains were widespread, led by growth in professional and business services, retail
trade, health care, and manufacturing.
The rest of the report can be found here.