---
title: "U.S. October non-farm payrolls not released, December rate cut probability plummets"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/266623528.md"
description: "The U.S. Bureau of Labor Statistics announced that due to the federal government shutdown, it will not release the complete employment report for October. The October employment data will be published together with the November report, and the October unemployment rate data will not be included. The release date for the November employment data has been postponed to December 16, which will affect the Federal Reserve's assessment of the economic situation. Traders may lower their expectations for another rate cut by the Federal Reserve"
datetime: "2025-11-19T21:55:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/266623528.md)
  - [en](https://longbridge.com/en/news/266623528.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266623528.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/266623528.md) | [English](https://longbridge.com/en/news/266623528.md)


# U.S. October non-farm payrolls not released, December rate cut probability plummets

The U.S. Bureau of Labor Statistics announced on Wednesday that it will not release the complete employment report for October due to the longest federal government shutdown in U.S. history.

The agency stated that the October employment data will be released alongside the complete employment report for November. Additionally, due to the government shutdown causing the October unemployment rate data to "fail to complete collection," this data will not be included in the aforementioned combined report.

Furthermore, the Bureau of Labor Statistics has postponed the release date for the November employment data from December 5 to December 16. The new release date is six days later than the conclusion of the Federal Reserve's last policy meeting this year—meaning that the information available for the Fed to assess economic conditions will be further reduced. The previously delayed September non-farm payroll report is scheduled to be released on Thursday.

In the context of missing complete employment data for October and recent hawkish remarks from some Federal Reserve officials, traders may lower their expectations for the probability of another rate cut by the Fed.

On Wednesday afternoon local time, the CME Group's "FedWatch Tool" indicated that the market believes there is a 63.8% probability that the Fed will keep the overnight benchmark interest rate unchanged in the range of 3.75%-4%, up from about 50% earlier that day

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