Summary of Key Points from the U.S. November Non-Farm Payroll Report: The Chill in the Labor Market is Growing
- Pressure on growth in the healthcare industry: If healthcare recruitment slows down, the job market will fall into trouble.
- Federal Reserve decision support: Employment data provides a basis for the Federal Reserve's recent interest rate cuts.
- Unemployment rate warning: The unemployment rate for African Americans in the U.S. has surged to 8.3%, reaching a new high since 2021.
- DOGE effect emerges: The layoffs at the "Department of Government Efficiency" (DOGE) led by Musk are reflected in the non-farm payroll data for the first time.
- Manufacturing stagnation: There are still no signs of improvement in factory employment positions, which have fallen to the lowest level since 2022
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