PANews December 6 news, according to Jinshi analysis, US job growth in November surged after being severely disrupted by hurricanes and strikes, but this may not mean a substantial shift in the state of the job market. The employment situation is expected to continue to slow steadily, allowing the Federal Reserve to cut interest rates again this month. The non-farm payrolls report released by the US Department of Labor on Friday showed that non-farm payrolls increased by 227,000 in November, and the data in October was revised up to increase by 36,000. The unemployment rate climbed to 4.2% after remaining at 4.1% for two consecutive months. Average hourly earnings were unchanged from the previous month at 0.4%. With the economy continuing to expand at a healthy pace, inflation above the central bank's 2% target, and policy uncertainty from the incoming administration of US President-elect Trump, the prospects for further rate cuts in 2025 are unclear. Traders are betting on two more rate cuts next year, and a more than half chance of a third rate cut by the end of 2025.
Analysis: U.S. job growth accelerated in November, but the Fed may cut rates again this month
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