November BLS Jobs report, Unemployment Climbs to 4.6%, only 64,0000 jobs created

[Johnny2X2X]

5. Was expected to be awful for job growth, was slightly less awful

But the headline number is the unexpected jump in EU rate.

I remember one month when Biden added like 140,000 jobs and the media freaked out because the expectation was for 250,000 or more. Yet here Trump is lowering expectations so much that 64,000 is seen as OK. 64,000 is half what is needed to keep UE steady, that's why we just saw UE move up to 4.6%.

Highest UE rate since 2021 when we were still recovering from the pandemic.