01:30 PM GMT, United States - Employment Data for November:
- Participation Rate: actual 62.5%; previous 62.4%;
- Nonfarm Payrolls: actual 64K; forecast 50K; previous 119K;
- Government Payrolls: actual -5.0K; previous 22.0K;
- Private Nonfarm Payrolls: actual 69K; previous 97K;
- Unemployment Rate: actual 4.6%; forecast 4.5%; previous 4.4%;
- Manufacturing Payrolls: actual -5K; previous -6K;
- Average Weekly Hours: actual 34.3; previous 34.2;
- Average Hourly Earnings: actual 3.5% YoY; previous 3.8% YoY;
- Average Hourly Earnings: actual 0.1% MoM; forecast 0.3% MoM; previous 0.2% MoM;
November’s jobs report showed another month of subdued labor-market momentum, with nonfarm payrolls rising only 64,000 and unemployment steady at 4.6%, little changed from September. Hiring remained concentrated in health care (+46k), construction (+28k), and social assistance (+18k), while transportation/warehousing (-18k) and the federal government (-6k) declined; federal employment had already plunged 162k in October, contributing to an estimated -105k October payroll print, though the BLS noted it cannot quantify the shutdown’s impact on October–November data.
Household data for October were not collected, and November’s household response rate was unusually low (64%). Labor-force participation and the employment-population ratio were stable, but the number of people working part-time for economic reasons jumped 909,000 since September. Wage growth was modest at 0.1% m/m, and payroll revisions lowered August–September employment by 33,000, reinforcing the picture of a labor market showing little net improvement since April.
Following the release, Fed funds futures modestly increased the probability of a January rate cut to ~31% (vs. 22% prior), while markets continue to price around 58 bps of easing in 2026.
OIL.WTI loses 2.5% 📉
From Euphoria to Correction: CoreWeave and the Future of AI Infrastructure
Market focus shifts to CPI, while Brent crude slips below $60
EU Fines for Tech Giants — Their Role in EU/USA Competition
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
