Odaily Planet Daily reports that analyst Anstey provided a quick review of the US non-farm payroll report, noting that the November non-farm employment data slightly exceeded expectations at 64,000 jobs. The November unemployment rate unexpectedly rose to 4.6%, which may attract the Federal Reserve’s attention. However, the labor force participation rate increased, so the rise in unemployment may not be entirely bad news; we need to look at the specific data more closely. US stock index futures rose, and the two-year US Treasury yield fell. Based on the weak non-farm employment data over the past few months, market expectations for the Federal Reserve to further ease monetary policy have increased. It is worth noting that the data for August and September were also revised downward by 33,000. (Jin10)
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