US posts another bumper employment number

The US employment market has once again stunned investors around the world by posting a large jobs number well ahead of economist’s expectations. 266,000 jobs were created in November against expectations of just 180,000 with unemployment at 3.5% of the population. This number has served to draw yet another line under the strength in the US economy at present which flies directly in the face of talks around a US recession. US manufacturing and business investment remain subdued but the US consumer numbers and employment remain very strong. US equity indexes jumped up on the news as investors moved back into US equities with enthusiasm.