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Today's much awaited non-farms payrolls number came in substantially higher than estimated -- adding 132,000 jobs, compared to 92,000 in October, and in-line with the six month average of 135,000. Estimates had been for 112,000 new jobs in November. Unemployment was up 0.1% to 4.5%, in-line with analyst expectations; October's 4.4% was a five-year low. The Fed Open Market Committee is expected to keep its target federal funds rate at 5.25% at its meeting next Tuesday. Payroll growth for September/October were revised by a net +42,000 jobs. Average hourly earnings were up $0.03 (0.2%) to $16.94. Private sector hiring was up to 114,000 in November from 51,000 in October, while factory employment fell by 15,000 jobs. Retail employment was up 20,000, its biggest gain of the year. Construction jobs were down 29,000 for a second sharp drop.
• Sources: MarketWatch
• Related commentary: Is the Economy Stronger Than Expected? Stay Tuned for Friday's Report, Is It Really 'Raining Jobs'?!
• Potentially impacted stocks and ETFs: S&P 500 Index (SPY) • NASDAQ 100 Trust Shares ETF (QQQQ) • iShares Russell 2000 Index ETF (IWM) • iShares Lehman 1-3 Year Treasury Bond ETF (SHY) • iShares Lehman 7-10 Yr Treasury Bond ETF (IEF) • iShares Lehman 20+ Year Treasury Bond ETF (TLT)

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Source: 132,000 New Jobs In November Beat Analyst Estimates