NFP Data – Live with Stuart: The U.S. jobs report was solid, with a 228k November headline payroll rise after 3k in upward revisions alongside a rise in the workweek to 34.5 and a 0.5% surge in hours-worked, and with a robust goods-sector that generated 62k in new jobs and 0.5% hours-worked rise. We did see a restrained 0.2% hourly earnings rise after downward revisions that left a restrained 2.5% y/y rise, and the jobless rate rose slightly to 4.12% from a 4.07% cycle-low with gains of 57k for civilian jobs and 148k for the labor force that left a sustained 62.7% participation rate, versus September’s 3-year high of 63.1%
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