Eco Analysis - US Employment Report: Surprisingly Good (B. Jones)

Eco Analysis - US Employment Report: Surprisingly Good (B. Jones)

■ Nonfarm job growth eclipsed all projections for a second straight month in November

The Bureau of Labor Statistics (BLS) reported that nonfarm payrolls expanded by 146K in November, following a revised 138K rise in October (was 171K) and 132K increase in September (was 148K). Last month's print exceeded both our (122K) and the median Street (85K) expectations. Indeed, for the second month in a row, the front-month job gain eclipsed all published economist projections.