#USNonFarmPayrollReport 📊🇺🇸l
📌 #USNonFarmPayrollReport – Latest (Nov 2025)
• Non-farm payrolls rose by +64,000 in November, beating expectations of around +50,000.
• This came after a huge drop of –105,000 jobs in October, which was also revised.
• Unemployment rate climbed to 4.6%, the highest since 2021, indicating labor market cooling.
• Employment gains were seen in health care and construction, while federal government jobs continued to decline.
• The report was delayed due to a historic government shutdown, making some seasonality and comparability issues more complex.
• Average hourly earnings ticked up modestly but show slowing wage growth, consistent with a softer labor market.
➡️ Takeaway: The U.S. labor market is still expanding, but at a much slower pace, with employment growth weakening and unemployment rising — a signal markets and policymakers are watching closely. Economic volatility from shutdown impacts and structural changes in hiring patterns remain key themes.
