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Pre-Market Primer: Job Creation Smashes Expectations; Unemployment Rate Falls
MINYANVILLE ORIGINAL Job creation in the United States blew away expectations today.  According to the Bureau of Labor Statistics non-farm payrolls rose by 146 000 last month. The unemployment rate fell to 7.7% from 7.9% but the participation rate declined by 0.2 percentage points to 63.6%   Economists' consensus estimate was for a modest gain of 85 000 for non-farm payrolls after October's gain of 171 000. The uncertainty stemming from the impasse in negotiations over the fiscal cliff and a significant headwind from Superstorm Sandy were thought to have weighed on hiring.  "Hurricane Sandy made landfall on the ...
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