Today the unemployment rate came in at 4.6% vs 4.5% expected, and this is the highest reading since September 2021.



And this is pointing towards a serious danger.

This tells us the US labor market is now weaker than at any point in the last four years.
Aguofthevip
Unemployment Rate: Rises slightly above expectations to 4.6% (previously 4.4%). This is the highest level recorded since 2021.

The November data showed an increase of 64,000 people. This figure exceeded market expectations of around 40,000-50,000.

October Revision: Employment figures for October, which were unavailable due to the lockdown, reportedly decreased by 105,000 people.

Average Hourly Earnings: Increased by 0.1% on a monthly basis, while the annual increase was 3.5%.

#FedRateCutPrediction
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