A big upside surprise for the world's most powerful economy, as the Bureau of Labor Statistics reported that total US nonfarm payroll employment increased by +292,000 in December, easily eclipsing market expectations of around +200,000.
The economy has added 13.6 million jobs from the post-recession low, to sit 4.9 million higher than at the preceding peak.
Average hourly earnings were only flat in the monthof December, but moved up to +2.5 per cent over the year, from
A happy result, then! The Aussie dollar moves sharply to 69.5 US cents on this news.
A big week of news ahead too, so stay tuned!