U.S. employers added a paltry 210,000 jobs in November, sharply below consensus forecasts of 550,000, with the underwhelming job creation numbers initially leading Wall Street stock futures to jump in early trading as investors bet it would lead the Fed to slow down with scaling back stimulus, but those hopes faded later in the day as expectations firmed that the Fed would continue with a faster taper to tame inflation, and stocks sank.
The Labor Department’s jobs report, released Dec. 3, shows that non-farm payroll employment rose by 210,000 in November after rising by a revised 546,000 in October.
