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US Labor Market Still Struggling to Maintain Traction
From wellsfargo.bluematrix.com
Today's unusual double employment report showed that the U.S. labor market remains in a precarious position. October nonfarm payrolls declined by 105K. The end of the federal government's deferred resignation program played a major role, but even excluding the federal sector, employment growth was a modest 57K. November nonfarm payrolls grew at a similar pace (+64K), but the unemployment rate rose to 4.6%, marking a new high since the end of the pandemic. Wage growth also slowed notably to just 3.5% year-over-year, the slowest pace since 2021. It is possible that there was some additional volatility in the November ... (full story)
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From kiplinger.com | Dec 16, 2025
The November jobs report, delayed from its initial December 5 release date due to the record-long government shutdown, came in higher than expected but showed the labor market continuing to exhibit signs of weakness. According to the Bureau of Labor Statistics (BLS), nonfarm payrolls rose by 64,000 in November, beating economists' estimate for 45,000 new ...
FED'S WALLER SAYS JOBS MARKET IS VERY SOFT, CURRENT PAYROLLS GROWTH NOT GOOD FED'S WALLER SAYS INFLATION ABOVE TARGET BUT SHOULD COME DOWN OVER NEXT FEW MONTHS Fed Waller Claims Job Market Says Fed Should Continue Cutting Rates - Fed Is 50Bps To 100Bps Over Neutral - I think that inflation is going to come down - There's not going to be a re-acceleration in inflation FED'S WALLER SAYS FED CAN GO AT A MODERATE PACE, DOESN'T NEED DRAMATIC ACTION FED'S WALLER SAYS THERE IS NO RUSH TO CUT INTEREST RATES GIVEN OUTLOOK
*TRUMP SET TO INTERVIEW FED'S CHRISTOPHER WALLER FOR CHAIR: WSJ
