#USNonFarmPayrollReport The US Non-Farm Payroll Report for November 2025 was released on December 16, 2025, by the US Bureau of Labor Statistics. Here are the key findings ¹ ²:

- *Total Nonfarm Payroll Employment*: Increased by 64,000 jobs, surpassing market expectations of 50,000 new jobs.

- *Unemployment Rate*: Rose to 4.6%, higher than the forecasted 4.4%.

- *Job Gains*: Notable increases were seen in health care (46,300 jobs) and construction (28,000 jobs), while employment declined in transportation and warehousing (-18,000 jobs) and federal government (-6,000 jobs).

- *Average Hourly Earnings*: Edged up by 0.1% to $36.86, with a 3.5% increase over the past 12 months.

- *Revisions*: The August and September job growth figures were revised down by 22,000 and 11,000, respectively.

The report's findings have implications for the Federal Reserve's monetary policy decisions, with some analysts expecting rate cuts in the coming months due to the labor market's slowdown. ³

Follow-up questions:

- What are the implications of the rising unemployment rate on the Federal Reserve's decision-making process?

- How might the recent job growth trends affect interest rates in the US?