📰【December 15 News Event Highlights Overview】
This week, a plethora of U.S. economic data is being released, but the non-farm payroll report scheduled to be published at 9:30 PM Beijing time on Tuesday will take center stage. Over the past month, delayed data has been slowly but steadily thawing, and this week it will converge into a flood: major reports on retail sales, inflation, and the labor market will be released over the next three days.
Due to the lingering effects of the longest government shutdown in history, the November non-farm payroll report will be released at a strange timing—on a Tuesday in mid-December, rather than the usual first Friday of the month. According to market forecasts, the November non-farm payrolls may increase by 50,000, and the unemployment rate is expected to reach 4.4%. Notably, this is not just an ordinary employment report. It will not only provide the highly anticipated status of the U.S. labor market but also lay the groundwork for next year's interest rate path. Additionally, thanks to the U.S. government shutdown, the uncertainty surrounding the data, and the peculiarities are more than usual.
