US Nonfarm payrolls likely dropped to 200K in November

US non-farm payrolls are expected to print at 200,000 by the market consensus in the month of November, lesser than that of its previous month's 271K.

In October, the total non-farm payroll employment increased by 271,000, and the unemployment rate was essentially steady at 5.0 percent, as per the report by the U.S. Bureau of Labor Statistics. 

There were job gains in professional and business services, health care, retail trade, food services and drinking  places, and construction.

"Non-agricultural establishments probably created 225K net new positions in November, down from the 271K workers added in October, but well above the average 187K-job gain posted over the prior three months", says Societe Generale in a research note.