📉 U.S. Jobs Data Sends a Clear Signal: The Labor Market Is Cooling 🇺🇸📊
The long-delayed U.S. Non-Farm Payrolls report is finally out — and it confirms what markets have been pricing in.
🔍 November 2025 Snapshot
• +64K jobs added — slightly above estimates, but historically weak
• Unemployment rises to 4.6%, the highest level in 4 years
• October revised to -105K jobs, reflecting shutdown distortions
⚠️ What Actually Matters
• Job growth has been flat since April
• Private-sector hiring is slowing
• Government shutdown effects masked deeper underlying weakness
🏦 Macro Implications
A softening labor market strengthens the case for Fed easing in 2026.
When job growth stalls, inflation pressure fades — and liquidity expectations reprice quickly.
🧠 Market Takeaway
This isn’t a collapse.
It’s late-cycle deceleration — the phase where policy pivots begin.
⏳ Jobs slow first. Markets react next.
