US Jobs Data Market Impact Snapshot
The latest US Jobs Report showed +150,000 non-farm payrolls in November, slightly below the consensus of +175,000, while the unemployment rate held at 4.6%. Average hourly earnings rose +0.3% MoM steady but not inflation-fueling. Markets interpreted this as soft yet resilient. 📊
Equities are choppy buyers and sellers stuck in a range as traders digest the mixed signal. The USD strengthened modestly on expectations that the Fed may stay data-dependent rather than pivot. Treasury yields ticked up, with the 10-yr yield near key resistance. 🏦
Emotionally, traders feel the familiar “waiting game” hopeful for clarity but frustrated by ambiguity. This report muddies the policy outlook rather than clarifying it, and risk assets are reacting accordingly. Short-term strategy should emphasize tight risk management and watching next CPI and ISM prints for trend confirmation.
