Unemployment Jumps Above Fed Target: Don't Be Concerned, For Now
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Jeremy LaKosh5.94K FollowersFollow5ShareSavePlay(6min)CommentsSummaryThe November jobs report reveals a weakening U.S. labor market, with unemployment rising to 4.6%, surpassing the Fed's year-end target.Job creation over the trailing twelve months fell below one million for the first time since 2010 when excluding pandemic effects.Layoffs are increasing and voluntary quits are declining, signaling further labor market softness and potential for higher unemployment ahead.Investors should closely monitor continuing jobless claims and unemployment trends, as a move toward 5% unemployment could accelerate the Fed’s rate cut timeline. Hiroshi Watanabe/DigitalVision via Getty Images Introduction Earlier today, the Bureau of Labor Statistics released the jobs report for the month of November. With no report for October due to the government shutdown, some data gaps were presented. Nonetheless, the government reported 64,000 jobs created in November, but to the surpriseThis article was written byJeremy LaKosh5.94K FollowersFollowOther writing on Substack: https://yieldstrategies.substack.com/I am currently focused on income investing through either common shares, preferred shares, or bonds. I will occasionally break away and write about the economy at large or a special situation involving a company I've been researching in. I target two articles per week for publication on Monday and Tuesday.About My Background: Bachelors in history/political science, Masters in Business Administration with a specialization in Finance and Economics. I enjoy numbers. I have been investing since 2000. Professionally, I am the CEO of an independent living retirement community in Illinois.Analyst’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.