The unexpected rise in the U.S. unemployment rate in November may attract the attention of the Federal Reserve. The increase in labor force participation rate is expected to alleviate some concerns.
Analyst Anstey's quick review of the US non-farm report indicated that November non-farm employment data slightly exceeded expectations, recording 64,000 jobs. The November unemployment rate unexpectedly rose to 4.6%, which may attract the attention of the Federal Reserve. However, the labor participation rate has also increased, so the rise in the unemployment rate may not necessarily be entirely bad news. We still need to carefully examine the specific data. US stock index futures rose, while the yield on 2-year US bonds fell - based on the weaker performance of non-farm employment data in recent months, market expectations for further monetary policy easing by the Federal Reserve have increased. It is worth noting that the data for August and September were also revised downward by a total of 33,000 jobs.
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