Job Slowdown Continues, Keeping Pressure On The Fed For More Rate Cuts
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ING Economic and Financial Analysis4.96K FollowersFollow5ShareSavePlay(5min)CommentsSummaryJob creation continues to slow and unemployment is on the rise, which will mean the doves at the Federal Reserve will continue to make the case for further interest rate cuts.The risk of outright job losses is growing and with mid-term elections less than a year away the political pressure on the Fed to do more will intensify.October retail sales were mixed, with the headline figure softer than the market was expecting. Klaus Vedfelt/DigitalVision via Getty Images By James Knightley, Chief International Economist, US On the Fed's metrics, the economy is now losing jobs US non-farm payrolls rose 64k in November versus the 50k consensus, while October payrolls fell 105k. The unemployment rateThis article was written byING Economic and Financial Analysis4.96K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.