A.M. Update – Payrolls Beat, Wages Hot, Unemployment Rate Rises

S&P futures ae up +0.1% following Payrolls. Non-Farm Payrolls came in at 227k (consensus 220k). Wages rose 0.4% MoM in November, above the 0.3% estimate. Unemployment rose from 4.1% to 4.2%, and above the 4.1% estimate October payrolls revised up by 24,000, from +12,000 to +36,000. September payrolls revised up by 32,000, from +223,000 to…