Daily Market Update 12/4/15

Rates were little changed Friday in volatile trading following the release of key employment data for November.  The economy added 211,000 jobs last month, above the consensus forecast of 190,000.  Also, upward revisions to previous months added another 35,000.  The Unemployment Rate remained at 5.0%, as expected.  Average Hourly Earnings matched expectations and were 2.3% higher than one year ago.  The solid data made it almost certain that the Fed will begin raising interest rates at its next meeting on December 16.  The lack of a negative reaction by investors to the data indicates a rate increase by the Fed has already been priced into the market.  Stocks moved higher.  No other key data will be released today.

Back to top