"US Job Growth Surges, Exceeding Forecasts and Boosting Veteran Employment"
The US non-farm payrolls for November exceeded expectations with an increase of 216,000 jobs compared to the anticipated 170,000. Despite a downward revision of the previous month's figures and a decrease in the labor force participation rate, the unemployment rate remained steady at 3.7%, defying expectations of a slight increase. Average hourly earnings also rose more than expected on both a monthly and yearly basis, indicating wage growth. These robust employment figures led to a strengthening of the US dollar and affected market expectations for future Federal Reserve interest rate cuts.