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The official non-farm employment data for the U.S. in November was originally scheduled to be released on December 5, 2025, but has been postponed to December 16 (Tuesday) due to a government shutdown.

Currently, the market mainly refers to the November private sector employment data and corporate reports to assess the labor market conditions. Two key reports indicate that private sector employment positions in the U.S. decreased in November, while the number of layoffs planned by companies has significantly increased, reaching the highest annual level this year. However, the number of initial jobless claims last week fell to a nearly three-year low, and these data together reflect the uncertainty in the market.
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