November Jobs Report: Unemployment Hits New Highs
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Jack Bowman8.3K FollowersFollow5ShareSavePlay(8min)CommentsSummaryThe November jobs report confirms a deteriorating labor market, with unemployment rising to 4.6% and a significant October job loss driven by government layoffs.Healthcare remains the dominant job creator, while manufacturing, logistics, and federal government jobs continue to decline, and teenage unemployment spikes sharply.Rising part-time employment for economic reasons signals adults crowding out teenagers, highlighting underlying labor market stress despite stable participation rates.Weak job growth and rising unemployment provide the Fed with more justification to cut rates, reinforcing a dovish outlook if inflation remains contained. SeventyFour/iStock via Getty Images After a long wait, due to the government shutdown causing much delay in official government data, the Bureau of Labor Statistics has finally released their November jobs report. I was pessimistic going into the report, mostlyThis article was written byJack Bowman8.3K FollowersFollowNewsletter Author | Investment Advisor | Top 5% of Experts on TipRanks | Long Signal, Short Noise | I am a macro-oriented and data-driven investor who obsesses over connecting dots that others don't see (or want to see), expressing my views through concentrated, asymmetrical, and high-conviction positions. I manage risk with discipline, often reminding investors that position sizing is often more important than security selection. I'm on a quest to uncover narrative trends before mainstream financial media, a process I've been describing as the hunt for information alpha. My weekly newsletter is called The Macro Obsession. "Successful investing requires holding uncomfortably idiosyncratic positions." — Howard Marks, paraphrasing David Swensen "History does not repeat, it instructs." — Timothy Snyder, On TyrannyAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.