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Nick Timiraos: Private Sector Employment Increases by Average of 44,000, Unemployment Rate Rises to 4.573%
Summary: According to reports from '金十' (FX678), Nick Timiraos, known as the 'Fed Whisperer,' stated that as of November, the private sector added an average of 44,000 jobs over the past six months, holding steady from October. This marks the slowest pace of hiring during the reopening phase post-pandemic. Additionally, the unemployment rate in November rose ...
According to reports from '金十' (FX678), Nick Timiraos, known as the 'Fed Whisperer,' stated that as of November, the private sector added an average of 44,000 jobs over the past six months, holding steady from October. This marks the slowest pace of hiring during the reopening phase post-pandemic. Additionally, the unemployment rate in November rose to 4.573%, up 13 basis points from September's 4.44%. Powell mentioned last week that the Fed believes its policy setting will lead to a stabilization in the unemployment rate, with only a potential increase of '0.1 or 0.2 percentage points.'
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Link: Nick Timiraos: Private Sector Employment Increases by Average of 44,000, Unemployment Rate Rises to 4.573% [Copy]
