Published On Dec 6, 2024, 8:32 AM
The U.S. economy added 227,000 jobs in November, surpassing expectations. The unemployment rate rose slightly to 4.2%. Job gains in the previous two months were also revised upwards. The private sector saw an increase of 194,000 jobs, while notable gains were seen in health care, leisure and hospitality, and government sectors. Manufacturing employment recovered as some workers returned from strikes.
Positive
Strong job growth indicates a robust economy, potentially leading to increased consumer spending and confidence. This could positively impact sectors tied to consumer discretionary spending and essential services, as employers invest in labor to meet demand.
Positive
Job growth, especially in the manufacturing sector, suggests a rebound from previous disruptions. Companies in transportation and manufacturing may see stock gains as supply chains stabilize and production ramps up.
Dec 6, 2024, 6:05 AM
The labor market added 227,000 jobs, a big rebound from October, when storms in the Southeast and a major strike disrupted work. The unemployment rate ticked up slightly to 4.2 percent.
Dec 4, 2024, 6:00 AM
So far, most equity strategy teams see the stock market rising in 2025, buttressed by another strong year of economic growth. That may favor value stocks this time — instead of yet another year of Big Tech domination.
Dec 2, 2024, 4:00 PM
Investors are looking ahead to a week of labor data that could influence the scope of interest rate cuts.