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Unemployment rate hits 15-year high. USD gaining in Forex

U.S. Nonfarm Payrolls employment data released today showed that jobs fell much more than expected in November and posted the biggest monthly drop in payrolls since December 1974. The Department of Labor nonfarm payrolls report showed that U.S. payrolls shed 533,000 jobs in November following a revised drop of 320,000 jobs in October. The October payrolls data had originally showed a drop of 240,000 jobs while the September's jobs data was also revised to show a decline of 403,000 jobs compared to the decline of 284,000 originally released. November's jobs data surpassed economic forecasts that were expecting a job loss of approximately 335,000 workers for November.
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