The report issued by the United States Bureau of Labor Statistics moments ago showed that 263,000 jobs were added in November, compared to the addition of 261,000 jobs in the October reading, better than market expectations that indicated the creation of jobs estimated at 200,000 jobs.

On the other hand, unemployment rates stabilized at 3.7%, matching expectations, coinciding with a rise in labor force participation rates to 62.1%.

Average hourly wages rose in November to 0.6%, at a monthly rate of 0.5%, while it rose to 5.1% on an annual basis, compared to 4.7% in October.

In the details of the sectors, the commodity production sector added about 37 thousand jobs, while the construction sector added 20 thousand jobs, and the manufacturing sector added about 14 thousand jobs, and the services sector added about 184 thousand jobs.

The US dollar records increases of more than 1% after announcing the numbers, as the positive numbers support the US Federal Reserve’s continued tightening of monetary policy, despite Powell’s confirmation of slowing the pace of monetary tightening, while the US dollar general index is heading to close the week with losses of more than 1%, as it is now trading at levels 105.20.

On the other hand, the Canadian economy added about 10,000 jobs in November, while the unemployment rate fell to 5.1% from 5.2% in October, while it was expected to rise to 5.3%.