November Job Report and Federal Reserve Interest Rate Decisions
In November, job creation rebounded with 227,000 new nonfarm payrolls, while the unemployment rate increased to 4.2%. Worker pay rose by 0.4% on a monthly basis and 4% annually. The report raised questions about the labor market's impact on Federal Reserve decisions. Stock futures rose, and traders bet on a rate cut. Fed Chair Powell remains patient on interest rate decisions.