Source: US Dept. of Treasury End of Day
• Yields fell during the week with the two-year Treasury note decreasing by five basis points to 4.11% while the five-year note fell by two basis points to 4.04%.
• The labor market added 227 thousand workers to payrolls versus an expected 220 thousand in November while the unemployment rate increased to 4.2% from 4.1%.
• Average hourly earnings advanced by 4.0% in November going unchanged from October while labor force participation retracted to 62.5%.
• The November jobs report offered mixed signals with the headline number beating forecasts, however, the household data showed moderation with a rising unemployment rate, an uptick in permanent job losses and an increase in the time it takes for unemployed job seekers to find work.
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