US Jobs Report Shows Mixed Recovery and Rising Unemployment in November
In November, U.S. nonfarm payrolls increased by 64,000, surpassing expectations, after a decline in October, with the unemployment rate rising to 4.6%. The labor market shows signs of low hiring and firing, with most gains in healthcare, construction, and social assistance, while sectors like transportation and hospitality declined. The Federal Reserve remains cautious about rate cuts amid mixed economic signals, including slow wage growth and flat retail sales.