November BLS jobs data show the good, bad, and ugly, analysts say

Employment Data - The U.S. economy added 64,000 non-farm payroll jobs in November, exceeding the expected 45,000 jobs [1] - The unemployment rate rose to 4.6% in November from 4.4% in September, marking the highest level since 2021 [3] Construction Sector - U.S. employers added 28,000 construction jobs in November, with specialty trade contractors contributing 19,000 jobs [5] - The growth in construction jobs is linked to expectations for AI and automation buildouts, as noted by an investment strategy head [5] - The construction industry faces a labor shortage exceeding 439,000 workers, exacerbated by government policies affecting foreign-born workers [9] AI Investment - Tech companies are projected to invest up to $4 trillion in AI infrastructure development by 2030 [8] - Private spending on data center construction was running at an annualized rate of over $41 billion as of August [8]