Surprise in Strong U.S. employment report. Worker efficiency up.

December 5, 2007 - Forex Economic News

In U.S. data, some positive growth news was released today in the form of the Automatic Data Processing's report on employment. Nonfarm private employment payrolls increased from October to November by 189,000 jobs. This strong growth follows the September to October increase of 119,000 jobs. The October to November figures were a surprise and forecasted to come in much lower. Read the report here.

Worker Efficiency up.

Also today, the U.S. Labor Department released a report on Productivity and Costs that measures American worker efficiency. The report registered a 6.3% increase in worker efficiency in the 3rd quarter. This productivity increase was the largest measured since 2003(3rd quarter). Read the report here.

U.S. Department of Labor payroll statistics to be released on Friday.

Tags: Automatic Data Processing, Fundamentals, Job Statistics, Nonfarm Payrolls, Payroll statistics, Productivity, U.S. Labor Department, Worker Efficiency- Blog index