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2025-12-17 11:32:11
[Limited Impact of US Jobs Data, Market Focuses on Inflation Report Guidance] 1. The US added 64,000 non-farm payroll jobs in November, exceeding economists' expectations. However, the unemployment rate rose to 4.6% that month, although this figure was distorted by the previous 43-day government shutdown. 2. Currently, the market and analysts are still struggling to assess the specific impact of this report on the monetary policy outlook, generally turning their attention to the inflation report to be released on Thursday for clearer direction. 3. IG Markets analyst Tony Sycamore stated, "The combined data for October and November paints a picture of weak job growth. While it's not enough to prompt the Fed to cut rates in January, the continued rise in the unemployment rate has created the possibility of an easing policy at the March meeting—provided subsequent jobs data continues to show a deteriorating trend."
