US. Non Farm Payroll Report
*US Non-Farm Payroll Report: Mixed Signals*
The latest US Non-Farm Payroll (NFP) report shows a mixed picture of the labor market. In November, the economy added 64,000 jobs, exceeding expectations of 45,000, but the unemployment rate ticked up to 4.6% from 4.4% in September ¹ ².
*Key Highlights:*
- *Job Growth*: 64,000 jobs added in November, with gains in health care and construction.
- *Unemployment Rate*: Increased to 4.6%, the highest since 2021.
- *Wage Growth*: Average hourly earnings rose 0.2% month-over-month.
The report indicates cautious hiring and uncertainty in the 2026 job market. Immigration enforcement and labor shortages in construction are also impacting job growth ².
*Market Impact:*
The NFP report influences Federal Reserve policy and market volatility. A stronger-than-expected report can boost the USD, while weaker data can lead to rate cut expectations ³.
#US non Farm
