US Unemployment Rate in November at 4.6% Surpasses Expectations

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The unemployment rate in the United States for November is 4.6%; the estimate was 4.5%

The U.S. Department of Labor announced that the U.S. added 64,000 non-farm jobs in November, exceeding the market expectation of 50,000. The unemployment rate in November rose to 4.6%, higher than the expected 4.4%. During this period, the private sector added 69,000 jobs, more than the expected 45,000. Manufacturing jobs decreased by 5,000, in line with expectations. Government sector jobs also decreased by 5,000

U.S. non-farm payrolls in November exceeded expectations, and the unemployment rate rose to 4.6%

The unemployment rate in the United States rose to 4.6% in November, slightly higher than expected. Non-farm payroll data was slightly strong, but the rise in the unemployment rate was mainly due to temporary layoffs and improvements in labor supply. The market reacted little to the rise in unemployment, with U.S. stocks retreating and gold prices rising. The probability of the Federal Reserve cutting interest rates in January 2026 may not necessarily increase, and further economic data will need to be observed

Data Review | Rationally Viewing the 4.6% Unemployment Rate - November U.S. Employment Data Review (Shenwan Hongyuan Macro · Zhao Wei Team)

The economic data released by the U.S. federal government shows that the unemployment rate rose to 4.6% in November, the highest in four years, and retail sales fell short of expectations. Although non-farm payrolls added jobs better than expected, positions in the manufacturing and government sectors decreased. Market confidence in a soft landing for the U.S. economy has wavered, with expectations that the Federal Reserve may further cut interest rates. Retail sales in October were flat, with auto sales declining by 1.6%, but excluding automobiles and gas stations, retail sales grew by 0.5%

[External Economy] Delayed U.S. economic data shows unemployment rate rising to 4.6%, retail sales falling short of expectations

In November, the non-farm payrolls in the United States increased by 64,000, and the unemployment rate rose to 4.6%, a four-year high. The year-on-year and month-on-month average hourly wage growth was below expectations. The non-farm employment figures for October saw a significant decline, and retail sales showed zero growth month-on-month. Following the data release, expectations for the Federal Reserve to cut interest rates next year increased, leading to a brief drop in the US dollar index and a rise in spot gold. Analysts pointed out that the rise in the unemployment rate may not necessarily be bad news, as market expectations for further easing of monetary policy by the Federal Reserve have intensified

Mixed feelings about non-farm payrolls, November unemployment rate rises to a four-year high! Expectations for the Federal Reserve to cut interest rates next year heat up

In November, the non-farm payrolls in the United States increased by 64,000, exceeding expectations, but the unemployment rate rose to 4.6%, the highest in four years. The labor market faces uncertainty, with inflation and tariff policies suppressing corporate hiring, and immigration policies reducing labor supply. Average hourly earnings growth was below expectations, and economists say the market is in a "low layoffs, low hiring" state

In November, the U.S. non-farm payroll recorded 64,000 people, with the unemployment rate reaching a four-year high, indicating uncertainty in the labor market

The unemployment rate in the United States rose to 4.6% in November, the highest since September 2021. Despite the addition of 64,000 jobs, mainly from the healthcare sector, it failed to fully offset the loss of 105,000 jobs in October. Wage growth has slowed, and the economic outlook is pessimistic. Jobs in transportation, warehousing, and manufacturing have decreased, with manufacturing declining for seven consecutive months. The delayed release of data has made it difficult for economists to assess the impact of policies

The United States released the latest labor data, with the unemployment rate in November reaching a new high

以美国总统身份出现，而非八卦新闻

US Unemployment Rate in November at 4.6% Surpasses Expectations

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