According to the CITIC Securities Research Report, the US unemployment rate rose further in November, and the number of non-farm payrolls is still at a low level. At the same time, the growth structure of non-farm payrolls in November was also poor. Similarly, ADP employment growth continues to be low, and many industries are experiencing negative growth. Overall, the current US job market continues to operate weakly. This trend may continue in the short term. Next year, the Federal Reserve may cut interest rates by about 50 bps throughout the year.

According to the CITIC Securities Research Report, the US unemployment rate rose further in November, and the number of non-farm payrolls is still at a low level. At the same time, the growth structure of non-farm payrolls in November was also poor. Similarly, ADP employment growth continues to be low, and many industries are experiencing negative growth. Overall, the current US job market continues to operate weakly. This trend may continue in the short term. Next year, the Federal Reserve may cut interest rates by about 50 bps throughout the year.