Investors see jobs data as boosting chance of rate cuts
Economy continues to grow, with Atlanta Fed projecting 2.7% increase in Q4
Economy added 8,200 jobs last month, but labour force also grew
The “low-hire, low-fire” job market remains in effect, labour department report suggests
Unemployment rate rises to 4.6%, the highest level since 2021
At the same time, continuing claims are at their lowest level since April
Layoffs rose to almost 1.9 million, the most since January 2023
U.S. central bank may get clearer jobs and inflation picture in January when backlogged data is released
The job gains were concentrated in part-time positions: Statistics Canada
The report potentially complicates the Fed’s upcoming rate decision