November Jobs Report

#Jobs — A bit more than expected. Wages increased strongly.

Gain of +199,000 non-farm payroll jobs, vs. expected gain of 185K
Unemployment down by 0.2 to 3.7%, vs expected unchanged
U6 unemployment 7.0%, down by 0.2
Labor force participation at 62.8%, up by 0.1
Average hourly earnings up by 0.4%; 4.0% increase over the year

September jobs revised down by -35K to +262K
October jobs unchanged at 150K