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USA: Labor market still holding up nicely

US government says that the labor markets in USA are little stronger than expected. This factor may influence the Federal Reserve's decision next week on whether to cut interest rates.

UBS reports in comments

"Non-farm payrolls rose by 94k in November. Including a net revision of -48k to the prior two months, the release was a tad weaker than consensus for +80k. The unemployment rate stalled at 4.7% and average hourly earnings jumped by 0.5% m/m (+3.8% y/y), both better than expected."

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