🔶 BREAKING: U.S. Economy Adds Only 12,000 Jobs in October 🔶
New data shows a weaker-than-expected labor market:
🔶 Jobs Added: Only 12,000 in October, far below expectations of 106,000 📉
🔶 Unemployment Rate: Held steady at 4.1%, matching expectations 📊
🔶 Lowest Growth: This marks the smallest job gain since July 2021
🔶 Market Reaction:
Initial response: Rebound in treasury yields and a drop in stocks 📉
Current sentiment: Jobs report now seen as dovish, fueling rate cut speculation
🔶 What’s Next? A 25 bps rate cut is anticipated, as signs continue pointing toward a weaker labor market 📉
Stay tuned for updates as economic policy reacts to these shifting conditions.
