๐ฃ The Key Fact: According to Plus500, the November jobs report (released in December) showed moderate growth of ~64k jobs, confirming that the labor market is cooling but not collapsing. This data point was crucial for validating the Fed's decision to cut rates.
๐ The Social Pulse: According to Reddit's economic forums, traders are relieved that the data was not weaker, which could have signaled a hard landing. The stability in the unemployment rate at 4.6% is viewed as a positive sign for risk assets.
๐ก Why it's trending: According to Trading Economics, labor data is currently more important than inflation data for market direction. This hashtag is trending because the jobs report has set the tone for the entire financial market heading into the new year.
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โ ๏ธ Remember that every investment decision is personal, and this content does not constitute financial advice.
