00:0050,000 is the change in non-farm payrolls with a net revision to October and November of a negative 76,000.
00:09So over the three months, we're down by 26,000.
00:13Change in private payrolls, 37,000.
00:16Manufacturing payrolls were down 8,000.
00:19The private payrolls is only half of what was forecast.
00:23So this is a bit of a rebound in the government sector, it seems.
00:28The unemployment rate, 4.4%.
00:31It was 4.6 last month, well, basically for November, we'll call it.
00:37And the feeling was that that might round down to 4.5 because government workers who misclassified themselves as unemployed would fall out.
00:46But we've gone down to 4.4.
00:48Labor force participation rate, 62.4.
00:51We'll look into the reasons for the drop-in unemployment and see if it fits into the so-called good news categories.
00:59Average hourly earnings up three-tenths for the month and for the year, 3.8%.
01:05It was 3.5% the last month.
01:07So the president gets something out of that.
01:09But a 4.4% unemployment rate on the face of it looks like he's not going to get any kind of January rate cut from the Fed.
01:15So the president gets something out of that.
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