The U.S. Department of Labor just released data shows that the number of non-farm employment in the United States increased by 263,000 in November, compared with the previous value of 284,000 and the expected value of 200,000. The unemployment rate in the United States was 3.7% in November, the same as the previous value. The average hourly wage in the United States rose 5.1% year-on-year in November, twice the expected value.
Judging from the above data, although the increase in non-farm employment in the United States in November decreased a little compared with October, it was significantly better than expected, and the unemployment rate in the United States in November remained at a historical low, and the average hourly wage also increased significantly. It can be seen that the current job market in the United States is still strong.
Since March this year, the Federal Reserve has continuously raised interest rates in , based on not only the inflation rate, but also the situation in the employment market. The latest job market data supports the Federal Reserve's continued tightening of the monetary policy , so today's three major U.S. stock indexes opened significantly lower than , reflecting the market's concerns about the Federal Reserve's continued pushing up the federal benchmark interest rate level and its pressure on the real economy.
Although yesterday Fed Chairman Powell had made it clear that the Fed would reduce the interest rate hike in December, Powell also said that the Fed would maintain the federal benchmark interest rate at a high level for a longer period of time. Recently, many important Federal Reserve officials have also made it clear that the peak of this round of interest rate hike will exceed 5%, significantly higher than previous expectations. These are all news that are unfavorable to the prospects of the US economy .
Considering the Federal Reserve's determination to continue to tighten monetary policy and with various internal and external factors, the author believes that the prospects of the US economy next year are worrying, and falling into recession is a hurdle that the US economy cannot overcome in the future. As the US economic growth is weak and even negative growth occurs, the prosperity of the US job market will be unsustainable. For , the US capital market , the US dollar will turn from strong to weak, and the US stock market will continue the bear market pattern.
JerryZang
Disclaimer: The content and views in this article are for reference only and do not constitute any investment advice. Investors act on this basis at their own risk. For all accurate information about the market, please refer to the relevant official announcement. The market is risky, so be cautious when investing.
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