After being affected by the hurricane and the Boeing strike, the U.S. job market saw a significant rebound in November. The non-farm payroll numbers released by the U.S. Bureau of Labor Statistics exceeded the general expectation of 200,000 economists. This figure rose sharply from the initially recorded 12,000 in October, which has now been revised up to 36,000. The unemployment rate rose to 4.2%. Due to the poor performance in the previous month, market participants expected the November data to exceed the underlying trend. The non-farm employment report is one of the last major pieces of data the Federal Reserve will consider before deciding whether to cut interest rates for the third consecutive time at its December meeting. Fed Chair Powell stated this week that the Fed can be 'a bit more cautious' on rate cuts as the U.S. economy is 'doing very well,' with inflation levels slightly above previous expectations.