November Payrolls Smash Expectations: 266K Jobs Added, Unemployment Rate At 50 Year Low Heading into today's November payrolls report, DB's Jim Reid wrote that "the consensus for November nonfarm payrolls is pegged at 185k (vs. 128k in October) but after Wednesday’s disappointing ADP (67k vs. 135k expected) print it’s likely that the whisper number is lower." And sure enough, we agreed following our recent article showing how the US labor market was aobut to crack. As it turns out, both we and DB were dead wrong, because moments ago the BLS reported that in November, a whopping 266K jobs were added, smashing expectations of 183K and the double digit whisper number, in what was the single best month for US payrolls since January 2019. Developing Tyler Durden Fri, 12/06/2019 - 08:36 Tags Business Finance