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U.S. Added 64,000 Jobs in November with Unemployment Rate Jumping to 4.6%
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In November, the U.S. nonfarm payrolls increased by 64,000 jobs, surpassing economists' expectations of about 50,000. However, the unemployment rate rose to 4.6%, reaching a four-year high, higher than the anticipated 4.4%. October payrolls declined by 105,000, while September saw an addition of 119,000 jobs. The figures for both November and October were delayed due to the U.S. government shutdown and reflect catch-up data.
Following the data release, the 10-year Treasury yield hovered near 4.17%, futures fluctuated, and bitcoin traded around $87,000 after earlier gains. Market expectations for the Federal Reserve's January meeting remained steady, with about a 75% probability priced in for a rate hold.
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