en|en|#USJobsData The U.S. unemployment rate rose to 4.6% in November, its highest in more than four years, fueling questions about the economy’s underlying strength.
The S&P 500 responded by falling for a third straight session, while the Nasdaq composite turned positive after spending much of the day in the red. The Dow dropped 0.6%, and Treasury yields ended the day lower. The 10-year yield was recently at 4.148%.
A slide in oil prices weighed on energy shares, which were the worst-performing group in the S&P 500. U.S. oil futures lost $1.55 a barrel to close at $55.27, the lowest price since February 2021 and 31% off the 2025 high reached in January.
Tuesday's jobs statistics are some of the most important data to be disrupted by the government shutdown, spanning a November jobs report, plus a patchier readout on the labor market in October.
The economy added 64,000 jobs last month, slightly ahead of consensus expectations for 45,000.
The unemployment rate slightly overshot consensus forecasts at 4.6%, while a rate measuring underemployment also hit a four-year high.
For October, the U.S. shed 105,000 jobs, as federal government payrolls shrank by 162,000 positions. $BTC