#Jobs — 100K higher than expected; wage growth slowing

Gain of +256,000 non-farm payroll jobs, vs. expected gain of 155K
Unemployment down 0.1 to 4.1%, vs expected unchanged
U6 unemployment 7.5%, lowest since June
Labor force participation unchanged at 62.5%
Average hourly earnings up by 0.3%; +3.9% Y/Y, both below expectations

October jobs revised up by +7K to +43K
November jobs revised down by +15K to +212K