CryptoGoldmine
The U.S. Bureau of Labor Statistics released delayed employment data on December 16. The performance in October and November was starkly different, sending mixed signals to the market.
Non-farm employment in November increased by over expectations—adding 64,000 jobs, surpassing the market forecast of 45,000. This sparked a glimmer of hope for economic recovery. However, the unemployment rate rose to 4.6%, higher than the expected 4.5%, reaching a new high since October 2021. With one indicator rising and another falling, key data began to fluctuate.
The situation in October was even worse. Non
View OriginalNon-farm employment in November increased by over expectations—adding 64,000 jobs, surpassing the market forecast of 45,000. This sparked a glimmer of hope for economic recovery. However, the unemployment rate rose to 4.6%, higher than the expected 4.5%, reaching a new high since October 2021. With one indicator rising and another falling, key data began to fluctuate.
The situation in October was even worse. Non