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Avalon

Nonfarm payrolls rose by a seasonally adjusted 199,000 in November, slightly better than the 190,000 Dow Jones estimate and ahead of the October gain of 150,000. The unemployment rate declined to 3.7%, compared with the forecast for 3.9%, as the labor force participation rate edged higher. Average hourly earnings, a key inflation indicator, increased by 0.4% for the month and 4% from a year ago, close to expectations. Thanks Joe, Putting previous guy to shame.

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