ChainCatcher message, according to a report by Jinshi, the Financial Times analysis indicates that the U.S. non-farm payroll report to be released next Tuesday will include data from October and November, ultimately providing policymakers and investors with a more complete picture of the U.S. labor market, ending months of partial uncertainty. The Federal Reserve lowered interest rates to a three-year low after a meeting with significant divisions this week, with several officials dissenting, focusing the debate on whether to prioritize addressing high inflation or a weak job market.
Citigroup economists indicate that the upcoming employment report may release more contradictory signals. The bank expects a decrease of about 45,000 jobs in October but an increase of 80,000 in November.
Citi economists stated that this rebound may be more related to seasonal data adjustments rather than a "real improvement in worker demand." They also predicted that the unemployment rate would rise from 4.4% to 4.52%, while a Reuters survey of economists shows an unemployment rate of 4.4%. The Federal Reserve's own quarterly forecast indicates that the median unemployment rate is expected to be around 4.5% by the end of this year.