📊 #USNonFarmPayrollReport
The US labor market continued to show modest job growth in November, with ~64,000 new jobs added, exceeding the forecast of ~50,000. This rebound followed a sharp loss of 105,000 jobs in October, largely due to distortions from the recent 43-day federal government shutdown that delayed and skewed data collection.
However, the unemployment rate rose to 4.6%, the highest in four years, signaling softening labor market conditions. Wage growth also remained moderate, suggesting that hiring is cautious and demand for labor is weakening.
📉 What This Means: • Market Reaction: Job gains beating expectations provided some stability, but the rising unemployment rate and weak underlying trend keeps investor confidence fragile.
• Federal Reserve Implications: The mixed data — sluggish hiring and higher unemployment — gives the Fed cover to remain on hold or consider further easing if inflation cools further.
• Economic Outlook: Overall payroll gains are modest and inconsistent, pointing to a cooling U.S. labor market rather than robust expansion.
📌 Bottom Line: The latest NFP shows jobs growth returning from October’s downturn, but the broader trend suggests a soft labor market with elevated unemployment — a key nuance for markets and policymakers watching for recession risks and future rate decisions.
#CPIWatch #BTCVSGOLD #USJobsData
