ChainCatcher news, according to Jinshi reports, the U.S. non-farm payrolls for November recorded a growth of 227,000, the largest increase since March 2024, exceeding the expected 200,000, with the previous value revised from 12,000 to 36,000. The U.S. unemployment rate for November was recorded at 4.2%, in line with expectations, with the previous value at 4.10%.Analysts say that at first glance, this report does not show signs of an economic recession. The job market has not hit rock bottom, but there are indeed signs of a slowdown. Considering the Federal Reserve's benchmark interest rate, with the upper limit of the target range at 4.75%, which is more than a percentage point higher than the core inflation rate, the rationale for further rate cuts still stands.The non-farm payroll report is one of the last major data points the Federal Reserve will consider before deciding whether to cut rates for the third consecutive time at its December meeting. Federal Reserve Chairman Powell stated this week that the Fed can be "a bit more cautious" on rate cuts, as the U.S. economy is "in very good shape," and inflation levels are slightly higher than previously expected.

ChainCatcher news, according to Jinshi reports, American bank economists stated that the employment report for November will be released on Friday, and investors should pay attention to the growth rate over the past two months, especially considering the significant risk of revisions to the October data.A Wall Street Journal survey shows that the U.S. non-farm payrolls for November are expected to increase by 214,000, up from 12,000 in October. American banks expect this number to exceed 240,000 due to the impact of hurricanes and the Boeing strike. It is also expected that the labor force participation rate will rebound, causing the unemployment rate to rise from 4.1% to 4.2%, in line with the Wall Street Journal's expectations. American banks noted that the number of unemployment claims increased due to the impact of hurricanes but has since declined, indicating a rapid economic recovery.

ChainCatcher News: The number of people in the U.S. filing for unemployment benefits for the first time unexpectedly fell last week, indicating that after a sudden slowdown last month due to hurricanes and strikes, non-farm employment growth in November may rebound. The November non-farm payroll report could determine whether the Federal Reserve will cut interest rates again in December.The U.S. Department of Labor reported on Thursday that for the week ending November 16, the seasonally adjusted number of initial claims for state unemployment benefits decreased by 6,000 to 213,000. This data covers the Veterans Day holiday, which may introduce some volatility. Although there was a surge in unemployment claims in early October due to disruptions caused by hurricanes "Helen" and "Milton" and strikes by workers at Boeing and another aerospace company, layoffs remain low, alleviating the impact of the hiring slowdown on the labor market. (Jin Ten)

ChainCatcher news, according to the preliminary estimates of the annual benchmark revision released by the U.S. Bureau of Labor Statistics, the total number of non-farm jobs in the United States for March 2024 has been revised down by 818,000, a decrease of 0.5%.