#cpi前瞻，12月利率走向迎关键考验
Here’s the deal with the November 6 numbers. The U.S. added 165,000 jobs in October, while the consensus was only around 70,000. The unemployment rate fell from 4.2% to 4.1%. August and September were also revised upward, by a combined 84,000 jobs. Hourly wages rose 0.4% month over month, a bit hotter than the 0.3% everyone expected. Hiring hasn’t collapsed, and wages haven’t stopped rising. The jobs report has pushed rate-hike expectations back up. In plain English: American employers are still hiring, and the drink you were hoping would be a rate cut has been taken away for now.
Good news for job seekers is bad news for people holding crypto and waiting for the money printer to turn back on. When money is tight but people can still find work, the central bank has even less reason to hurry up and ease policy. That’s what rate-hike expectations look like—retail investors all think this way...
But there’s a corner of this report that got buried by the headlines. The number of people who want full-time work but can only find part-time jobs rose by 339,000 in a month, reaching 4.84 million. The underemployment rate, which includes them, climbed from 7.6% to 7.9%. The unemployment rate looks better, but more people aren’t getting enough work. So, people below the liquidation line should try to look at the charts less....🤫
Here’s the deal with the November 6 numbers. The U.S. added 165,000 jobs in October, while the consensus was only around 70,000. The unemployment rate fell from 4.2% to 4.1%. August and September were also revised upward, by a combined 84,000 jobs. Hourly wages rose 0.4% month over month, a bit hotter than the 0.3% everyone expected. Hiring hasn’t collapsed, and wages haven’t stopped rising. The jobs report has pushed rate-hike expectations back up. In plain English: American employers are still hiring, and the drink you were hoping would be a rate cut has been taken away for now.
Good news for job seekers is bad news for people holding crypto and waiting for the money printer to turn back on. When money is tight but people can still find work, the central bank has even less reason to hurry up and ease policy. That’s what rate-hike expectations look like—retail investors all think this way...
But there’s a corner of this report that got buried by the headlines. The number of people who want full-time work but can only find part-time jobs rose by 339,000 in a month, reaching 4.84 million. The underemployment rate, which includes them, climbed from 7.6% to 7.9%. The unemployment rate looks better, but more people aren’t getting enough work. So, people below the liquidation line should try to look at the charts less....🤫