U.S. NFP at an Inflection Point: Slowing Growth Calls for Market Caution
The December release of the October and November 2025 Non-Farm Payroll (NFP) reports marks a notable inflection point for the U.S. labor market and the broader economy. While the October payroll contraction of -103,000 was clearly weak, the November gain of 64,000 jobs, although above expectations, remains well below replacement level. At the same time,...
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