🚨 December NFP Misses Expectations, Labor Market Weakness Persists 🚨
The US added only 50,000 jobs in December, missing expectations of 60,000. The unemployment rate edged down to 4.4%, but the decline failed to offset broader signs of labor market weakness.
Revised data shows slowing private sector hiring alongside continued federal job cuts. This trend may increase pressure on the Fed, which has already delivered rate cuts in its last three meetings.
Weaker than expected labor data could complicate the Fed ability to pause easing in upcoming policy meetings.
This article is for informational purposes only and not investment advice.
BTC
95,374.62
-0.39%
ZEC
414.88
+0.93%