Employment in the U.S. surged by more than expected in the month of November, according to a closely watched report released by the Labor Department on Friday.
The Labor Department said non-farm payroll employment shot up by 227,000 jobs in November after rising by an upwardly revised 36,000 jobs in October.
Economists had expected employment to jump by 200,000 jobs compared to the uptick of 12,000 jobs originally reported for the previous month.
Meanwhile, the report said the unemployment rate crept up to 4.2 percent in November from 4.1 percent in October. The modest increase matched economist estimates.
At 9:15 am ET, Federal Reserve Board Governor Michelle Bowman is scheduled to participate virtually in a discussion before the Missouri Bankers Association Executive Management Conference.
The University of Michigan is due to release its preliminary reading on consumer sentiment in the month of December at 10 am ET. The consumer sentiment index is expected to rise to 73.0 in December from 71.8 in November.
At 10:30 am ET, Chicago Federal Reserve President Austan Goolsbee is scheduled to participate in a moderated question-and-answer session before hybrid 38th Annual Economic Outlook Symposium.
Cleveland Federal Reserve President Beth Hammack is due to speak on the economic outlook before the City Club of Cleveland Friday Forum at 12 pm ET.
At 1 pm ET, San Francisco Federal Reserve President Mary Daly is scheduled to participate in an “Emerging Technology and the Economy” conversation hosted by the Hoover Institution. The Federal Reserve is scheduled to release its report on consumer credit in the month of October at 3 pm ET. Consumer credit is expected to increase by $10.0 billion in October after rising by $6.0 billion in September.