Latest jobs data dropped a surprise — weekly unemployment filings hit 191K for the week ending Nov 29, way below the 220K forecast. That's a sharp drop from last week's 218K. Labor market staying tighter than expected, which could shift Fed's next moves and ripple through risk assets.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
5
Repost
Share
Comment
0/400
GasFeeCryer
· 2h ago
Oh my, this is a signal that the Fed is being forced to hold! The unemployment data looks so good, and they still want to raise rates? That’s crazy.
View OriginalReply0
GasFeeDodger
· 12-04 18:01
Unemployment data has made waves again, with 191K beating expectations. Now the Fed will have to recalculate.
View OriginalReply0
CexIsBad
· 12-04 18:01
Unemployment data is causing trouble again... 191K is much lower than expected. Is this labor market going to force the Fed to change its mind?
View OriginalReply0
Gm_Gn_Merchant
· 12-04 17:54
Is the labor market this tight? Feels like the Fed will have to recalculate again.
View OriginalReply0
MetaverseHobo
· 12-04 17:34
The labor market is stirring things up again. 191K is indeed a strong number, much lower than expected... The Fed will have to rethink things.
Latest jobs data dropped a surprise — weekly unemployment filings hit 191K for the week ending Nov 29, way below the 220K forecast. That's a sharp drop from last week's 218K. Labor market staying tighter than expected, which could shift Fed's next moves and ripple through risk assets.