Nearly 180,000 Jobs Added in November - Adviser Investments

Nearly 180,000 Jobs Added in November

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Thursday, December 6. Major U.S. stock indexes fell early in the day in response to market declines in Asia and Europe but gained some traction after the release of encouraging economic data. Automatic Data Processing revealed the addition of nearly 180,000 new private-sector jobs in November. Similarly, the non-manufacturing index rose to 60.7 last month. Jim noted that this higher-than-anticipated Institute for Supply Management figure reflects a well-employed workforce and robust consumer spending.

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