{"id":134188,"date":"2024-12-07T02:46:57","date_gmt":"2024-12-06T19:46:57","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=134188"},"modified":"2024-12-07T02:46:57","modified_gmt":"2024-12-06T19:46:57","slug":"jobs-report-live-updates-u-s-adds-227000-jobs-in-november","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=134188","title":{"rendered":"Jobs Report Live Updates: U.S. Adds 227,000 Jobs in November"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<p>Friday\u2019s jobs report was probably not enough to drastically change the way that Federal Reserve officials view the labor market and economy, but a slight tick higher in unemployment convinced investors that central bankers are likely to cut interest rates at their December meeting.<\/p>\n<p>The unemployment rate ticked up to 4.2 percent, slightly higher than 4.1 percent previously. It has been hovering just above 4 percent for months.<\/p>\n<div>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">While it was hardly a dramatic move, the reading added to a growing body of evidence that the labor market is not accelerating. That could give Fed officials the wiggle room they need to continue lowering interest rates without worrying that they are drastically heating up the economy.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Markets \u2014 which have been oscillating between heavily betting on a rate cut later this month and marking down the chances \u2014 <a class=\"css-yywogo\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">increased the odds<\/a> of a reduction after Friday\u2019s jobs report.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Central bankers raised their policy rate to about 5.3 percent in 2022 and 2023 and then held it there for more than a year in a bid to slow the economy and bring rapid price increases under control. But inflation has come down meaningfully, so officials began to lower the rate in September. They cut it for a second time in November, to a range of 4.5 to 4.75 percent.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Now, Fed policymakers are trying to strike a careful balance as they contemplate their next moves. They want to avoid keeping interest rates too high for too long \u2014 doing so might slow the economy so much that it precipitates a painful recession. But they also want to avoid lowering rates so much and so quickly that the economy booms, giving companies the wherewithal to raise prices and preventing inflation from coming fully under control.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Officials are likely to keep those trade-offs in mind both as they vote on their December rate decision and as they contemplate how quickly and how much to lower rates in 2025.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Friday\u2019s employment report is the final snapshot of the United States labor market that central bankers will glimpse before their <a class=\"css-yywogo\" href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomccalendars.htm\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">Dec. 17-18 meeting<\/a>, the Fed\u2019s last policy meeting of 2024.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Officials are unlikely to hang their entire decision on the report: Hiring data in particular have been affected by strikes and hurricanes, so any signal it offered was muddled. And officials are also focused on what is happening with inflation. A fresh <a class=\"css-yywogo\" href=\"https:\/\/www.bls.gov\/schedule\/news_release\/cpi.htm\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">Consumer Price Index<\/a> report is set for release on Dec. 11.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Still, Friday\u2019s figures do matter, in part because this is the last major data point officials will receive before they enter their pre-meeting blackout period, during which officials do not speak in public about their outlook for interest rates.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">They come at a time when growth has been proving stronger than expected, and when inflation has been a bit stickier than many economists had anticipated. Both of those trends could argue for a slower pace of rate cuts going forward.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Jerome H. Powell, the Fed chair, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/12\/04\/business\/dealbook\/jerome-powell-federal-reserve-inflation.html\" title=\"\">said during an interview<\/a> at The New York Times\u2019s DealBook Summit this week that \u201cwe\u2019re in a very good place with the economy,\u201d noting that growth had been stronger and the unemployment rate was still at a \u201cvery, very low level.\u201d<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Compared with when the Fed began to cut rates in September, \u201cthe labor market is better, and the downside risks appear to be less, in the labor market,\u201d Mr. Powell said, explaining that the Fed could be more \u201ccautious\u201d with its moves.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Of course, if a strong economy were to deter Fed officials from cutting interest rates as much as they otherwise would have next year, that could put the central bank on a crash course with the incoming administration.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Donald J. Trump, the president-elect, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/11\/07\/business\/economy\/trump-federal-reserve-powell-interest-rates.html\" title=\"\">has a track record<\/a> of pushing for lower interest rates \u2014 and blasting the Fed on social media and in public when it fails to deliver them.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">But the Fed is independent of politics, and its officials regularly say that they set rates solely based on what they see and expect to see in the economy.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/live\/2024\/12\/06\/business\/jobs-report-november-economy\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Friday\u2019s jobs report was probably not enough to drastically change the way that Federal Reserve officials view the labor market and economy, but a slight tick higher in unemployment convinced &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=134188\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-134188","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/134188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134188"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/134188\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}