#USNonFarmPayrollReport The US Nonfarm Payroll Report is out, and here's the scoop: Nonfarm payrolls increased by 64,000 in November, beating expectations of 50,000. However, October saw a significant decline of 105,000 jobs, largely due to government spending cuts and federal employee buyouts.

*Key Highlights:*

- _Unemployment Rate_: Rose to 4.6% in November, up from 4.4% in September

- _Private Sector Jobs_: Showed resilience, with gains in healthcare, construction, and social assistance

- _Wage Growth_: Average hourly earnings increased 3.5% year-over-year, the smallest gain since May 2021

- _Market Reaction_: US Dollar weakened, EUR/USD pair strengthened, and gold prices rose

The report has sparked mixed reactions, with some analysts seeing it as a sign of a gradually cooling labor market, while others point to distortions caused by the government shutdown. The Federal Reserve is likely to take a cautious approach, considering the data's limitations ¹ ² ³.