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November Jobs Report Points To Weak Labor Market Momentum

Photo by Arlington Research / Unsplash

US employers likely added just 40,000 jobs in November, signaling a sluggish labor market as businesses remain cautious amid policy uncertainty and technological change. Forecasters expect the unemployment rate to hold at 4.4 percent.

Hiring has slowed sharply as companies weigh the impact of artificial intelligence and adjust to President Donald Trump’s trade policies, including double-digit tariffs on imports.

High interest rates from the Federal Reserve’s earlier inflation fight continue to weigh on hiring decisions. The outlook has been further clouded by a 43-day government shutdown that delayed key economic data.

Recent revisions showed the economy created far fewer jobs than initially reported over the past year, underscoring weaker momentum.

Federal Reserve officials are divided on whether further rate cuts are needed. Chair Jerome Powell warned the labor market may be weaker than official figures suggest, with potential revisions showing net job losses since spring.

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