S&P 500 futures are down 4 points and are trading slightly below fair value. The Nasdaq 100 futures are down 18 points and are trading 0.1% below fair value. The Dow Jones Industrial Average futures are down 56 points and are trading 0.2% below fair value.
November nonfarm payrolls rose by 263,000 (Briefing.com consensus 200,000) following a revised 284,000 increase in October (from 261,000). Nonfarm private payrolls increased by 221,000 (Briefing.com consensus 200,000) following a revised 248,000 increase in October (from 233,000).
Average hourly earnings were up 0.6% (Briefing.com consensus 0.3%) versus a prior revised 0.5% increase (from 0.4%).
The unemployment rate was unchanged at 3.7%. The average workweek fell to 34.4 hours from 34.5 in October.
