The Non-Farm Payrolls (NFP) report, which comes out on December 16, 2025, is the first full look at the US job market since September, and it will be a crucial factor in determining the Federal Reserve's (Fed) strategy for interest rates throughout 2026. This jobs data will either prove that the Fed was right to implement the controversial rate cuts of 75 basis points since September, or it will suggest that the central bank was too aggressive in cutting rates. The report is complicated because it includes both October and November job numbers and is slightly skewed by issues like the recent government shutdown and ... (full story)