Mixed payrolls report knocks dollar lower
US labour markets continued to cool in October and November, slightly raising market bets on a stepped-up easing campaign from the Federal Reserve next year. According to delayed data just released by the Bureau of Labor Statistics, a total -41,000 jobs were lost over the last two months—representing an undershoot relative to consensus forecasts—while the previous two months were revised lower by a total 33,000 positions, bringing the three-month average pace of job creation to 22,000, down from 62,000 ahead of the update. As expected, the federal government shed the largest number of workers, cutting payrolls by a total -172,000...