Early this morning, the U.S. Bureau of Labor Statistics (BLS) released the highly anticipated November non-farm payroll report. The data showed that non-farm employment increased by 64,000 jobs in that month, surpassing the market consensus of 50,000. However, behind this "better-than-expected" report, there are clear signals that the labor market is cooling down rapidly.
Key Data Highlights: Contradictions and Revisions
Discrepancy between Employment and Unemployment: Despite the higher-than-expected job gains, the November unemployment rate rose to 4.6%, not only above the expected 4.5% but
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