CNBC Economy

Nonfarm payrolls increased by 223,000 for the month, above the Dow Jones estimate for 200,000, while the unemployment rate fell to 3.5%.

Private payrolls rose by 235,000 for the month, well ahead of the 153,000 Dow Jones estimate.

The U.K.'s economic contraction in 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards weighs on activity.

Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession.

The global economy likely faces a decade of sluggish growth, according to Daniel Lacalle, author and chief economist at Tressis Gestion.

The European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its key rate from 1.5% to 2%.

Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation.

Here's a quick look at the multiple variables that will come into play when this week's Fed meeting concludes Wednesday.

U.K. inflation came in slightly below expectations at 10.7% in November, as cooling fuel prices helped ease price pressures.

The consumer price index was expected to increase 0.3% in November, according to Dow Jones estimates.

A survey indicated that consumers see one-year inflation running at a 5.2% pace, down 0.7 percentage point from the October reading.

The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago.

The 2022 surplus came to 102 billion riyals ($27 billion), constituting 2.6% of Saudi gross domestic product, the kingdom's finance ministry said.

Nonfarm payrolls were expected to increase by 200,000 in November, according to Dow Jones estimates.

As far as jobs reports go, November's wasn't exactly what the Federal Reserve was looking for.

The U.S. unemployment rate remained unchanged at 3.7% in November.

Service sector categories showed strong growth in November, while other areas lost jobs.

The core personal consumption expenditures price index was expected to rise 0.3% in October and 5% from a year ago, according to Dow Jones estimates.

The Fed's policy tightening and a strengthening dollar are having a knock-on effect on African nations' balance sheets and public debt burdens.

The Job Openings and Labor Turnover Survey, a closely watched gauge of slack in the labor force, showed there were 10.3 million vacancies for the month.