Nick Timiraos: Private sector employment increased by an average of 44,000 people, and the unemployment rate rose to 4.573%.

ChainCatcher News, according to Jinshi reports, “Federal Reserve mouthpiece” Nick Timiraos stated that as of November, the private sector added an average of 44,000 jobs over the past six months, remaining at October levels. This is the slowest hiring pace in the post-pandemic reopening cycle. Meanwhile, the November unemployment rate rose to 4.573%, up 13 basis points from 4.44% in September. Powell said last week that the Federal Reserve believes its policy settings will lead to the unemployment rate stabilizing, or “only rising by another 0.1 or 0.2 percentage points.”