In November, the employment situation of companies in the USA remained strong, further proving the resilience of the labor market despite slowing down. The report indicates uneven employment growth across different industries. Education, medical care, and construction industries are leading, while manufacturing employment has seen the largest decline in over a year. Recruitment in the leisure and financial services industries is also relatively weak. The data further demonstrates that despite facing continuous price pressures and high borrowing costs, there is still demand for workers in the labor market. This is good news for the Federal Reserve as they no longer need to consider the labor market as a source of inflation.
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This page is machine-translated. Futubull tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.