#NonfarmDataBeats November 2025 U.S. Jobs Report: Labor Market Cooling, Unemployment Rising, and What It Means for Markets, Policy, and Investors
U.S. Labor Market & Market Implications November 2025 Nonfarm Payrolls
The November nonfarm payroll report presents a complex and nuanced view of the U.S. labor market. Payrolls increased by 64,000 jobs, modestly exceeding market expectations, yet the unemployment rate rose to 4.6%, its highest level since early 2021. At the same time, October payrolls were revised downward by 105,000 the largest single-month adjustment since the pandemic. These