The decline in employment in November – the fourth decline in six months – was unexpected. Analysts had expected an average of 10,000 more jobs, according to Bloomberg.
The unexpectedly weak jobs figure reinforces the view that the US Federal Reserve (Fed) will lower its key interest rate next week.
In the fixed income market, US bond yields are being pushed downwards, as is the dollar, which is falling to SEK 9.39. At the same time, futures trading on Wall Street is pointing slightly upwards.
Statistics from private players such as payroll administrator ADP have received greater attention since the autumn shutdown of large parts of the US government, which significantly delayed federal job statistics.
