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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.
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