November Non-farm payrolls number came in at +245k (mkt +469k), bringing the 3m average down to +5227k. Private sector payrolls were a little better again at +344k but there is a sequential slowdown happening there too. Manufacturing payrolls grew by 27k while we saw another month of government job losses, -99k, the third consecutive drop. Revisions overall were down a bit, Oct NFP revised down to 610k vs. the 638k initially reported.
The Google mobility indicators show a further decline in both mobility and economic activity over the past week. The dip perhaps overstates the scale of the drop with US Thanksgiving holiday (which generated a bump in activity going into the holiday, and dip during and after) combining with tougher localised restrictions there. The story in Europe was better.