U.S. JOBS REPORT — CONFUSION, NOT COMFORT 🚨
Forget the headlines. Here’s what the November jobs data actually says 👇
📊 64K jobs added — yes, above the 40K estimate
📉 October revised lower by 105K — that’s not a miss, that’s damage
📈 Unemployment jumps to 4.6% (vs 4.5%) — highest level in 4+ years
Reality check:
Hiring didn’t collapse, but the labor market is cracking beneath the surface. Revisions and rising unemployment matter more than one weak beat.
The real takeaway:
❌ January rate cut? Dead.
The Fed has zero urgency now. They can sit back, wait, and let data deteriorate further.
What this means for markets:
No clear direction. No easy trades.
⚠️ Expect chop, fake moves, and volatility — not clean trends.
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