The non-farm data has been released, showing that the number of jobs created is only 22,000, which is not only significantly lower than the previous value and expectations but also the lowest labor force growth data in the last five years, except for October 2024. In simple terms, the U.S. labor market is really not doing well, and economic issues are starting to emerge.
The unemployment rate has risen to 4.3%. Although historically this is not very high, it has increased by 0.9% in the past year, which is also a concern for the Federal Reserve. The market is now fully expecting the Fed to cut
View OriginalThe unemployment rate has risen to 4.3%. Although historically this is not very high, it has increased by 0.9% in the past year, which is also a concern for the Federal Reserve. The market is now fully expecting the Fed to cut