In November, the US unemployment rate unexpectedly fell to 4.6%, the lowest level since May 2007, according to the Ministry of Labor of the country.
Analysts polled by MarketWatch and Bloomberg, expected the index to maintain at the October level of 4.9%.
The number of jobs in the US economy (Nonfarm Payrolls) increased in November by 178,000, which generally turned out to be close to the Bloomberg respondents who expected a growth by 180,000, and worse than the MarketWatch expectations of 200,000.
Meanwhile, employment growth in October was revised from 161,000 to 142,000.
The fall in unemployment was caused by the sudden decrease in the number of working population – by 227,000. The share of the population engaged in the labor force decreased to 62.7% in November, from 62.8% in October, the index being close to the minimum of three decades.
The data on the labor market point to a steady growth and represent almost one hundred percent probability of increasing the base rate by the Federal Reserve System at the December meeting.
The average hourly pay in the US labor last month disappointed market participants with a decrease by 0.1% compared to October.
The average workweek was unchanged at 34.4 hours.
The US manufacturing sector jobs in November decreased by 4000. Retailers have reduced staff by 8 000. The entertainment and hotel services sector index rose 157,000.
The number of jobs in the US private sector increased last month by 156,000, after rising by 135,000 in October.
The USD index, which tracks the greenback against a basket of six major currencies, rose after the Nonfarm Payrolls report above $ 101.
As of the US stock market, the S&P 500 and Nasdaq slightly rose in early Friday trading, supported by growth in shares of producers of consumer goods and utilities sector, while on the Dow declined.
Shares of industrial and banking sector showed the highest growth during the post-election rally, as investors waited for the strengthening of these sectors thanks to the policy of President-elect Donald Trump. In contrast, shares of the utilities sector and technology companies were mainly under pressure.
By 18.24 GMT, Dow Jones lost 0.19% to 19,155.87 points, S&P 500 index gained 0.06% to 2,192.40 points, and Nasdaq Composite added 0.03% to 5,252.70 points.