What impact did the delayed US jobs data have on investors?

The delayed US jobs data dashed market hopes and led some investors to consider reducing stock exposure.

What were the key takeaways from the US jobs report?

October saw job losses and a rise in unemployment, while November showed unexpected job gains.

What is the significance of the upcoming consumer price index (CPI) data?

Investors are keenly anticipating the November CPI reading for further insights into economic conditions.

Home / Business and Economy / US Jobs Data Dashes Market Hopes

US Jobs Data Dashes Market Hopes

17 Dec

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Summary

October payrolls fell by 105,000, unemployment hit 4.6%.
November saw 64,000 jobs added, exceeding expectations.
Investors await November consumer price index data.

US jobs data from October and November, delayed by a government shutdown, revealed a mixed economic picture. October saw payrolls decrease by 105,000, pushing the unemployment rate to 4.6%, its highest since September 2021. This suggests a considerable economic slowdown.

However, November brought a more optimistic outlook, with employers adding 64,000 jobs, exceeding the consensus forecast of 45,000. Despite this November gain, the overall trend points to an economy that has been decelerating for some time.

Market watchers are now focused on upcoming November consumer price index data, anticipating further insights into economic conditions. Experts suggest this might be a time to consider reducing stock exposure and increasing fixed-income investments.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.