Jobs Come In at +64K in November, Unemployment +4.6%

Group 1 - The U.S. added 64,000 jobs in November, with the unemployment rate rising to 4.6%, the highest since July 2021 [1][8] - The healthcare sector led job growth with 46,000 new hires, followed by construction with 28,000 and social assistance with 18,000 [3] - Hourly wages increased by only 0.1%, lower than the expected 0.3%, indicating that labor is not currently driving inflation [4] Group 2 - Labor force participation rose to 62.5%, the highest since April, influenced by a significant increase in part-time workers [5] - Federal government employment has decreased by 271,000 year-to-date, largely due to planned layoffs and a deferred resignation program [6] - The trailing four-month average job growth is 16,000, significantly lower than previous averages, indicating a slowdown in job creation [7] Group 3 - The market reacted negatively to the jobs report initially, with pre-market futures sliding before recovering slightly [10] - The likelihood of an interest rate cut in January remains below 25%, with March being uncertain [11] - The upcoming retail sales report and other economic indicators will be analyzed further, including earnings from homebuilder Lennar [12]