#USJobsData The US job market is showing signs of slowing down, with the unemployment rate rising to 4.6% in November, the highest since September 2021. This increase is attributed to various factors, including government spending cuts and a decline in federal employment.

*Key Highlights:*

- _Unemployment Rate_: 4.6% in November, up from 4.4% in September

- _Job Gains_: 64,000 jobs added in November, surpassing expectations

- _Sector Performance_: Healthcare added 46,000 jobs, while transportation and warehousing lost 18,000 jobs

- _Federal Employment_: Declined by 271,000 jobs since January, contributing to the rise in unemployment ¹ ² ³

The Federal Reserve is closely monitoring these developments, having lowered interest rates three times this year. The labor market's slowdown, combined with rising inflation, poses challenges for policymakers.

Would you like to know more about the impact of government spending cuts on the job market or the Federal Reserve's future plans?