Wells Fargo Weekly Economic & Financial Commentary for December 5, 2015

Wells Fargo Weekly Economic & Financial Commentary: Go for Launch

  • Today’s employment report, the last key data release ahead of the Fed’s Dec. 16 meeting, showed the labor market continues to improve at a solid rate. Payrolls rose by 211,000 in November, while the unemployment rate held at 5.0 percent amid an increase in participation.

 

  • The ISM non-manufacturing index moderated to 55.9 in November, but shows that activity in the service and construction sectors continue to expand at a decent clip. The factory sector, however, is still struggling, with the ISM manufacturing index falling into contraction territory for the first time since 2012.
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