Nick Timiraos: The number of jobs in the private sector increased by an average of 44,000, and the unemployment rate rose to 4.573%

According to Jinshi News, "Fed mouthpiece" Nick Timiraos stated that as of November, the private sector's employment increased by an average of 44,000 people over the past six months, remaining at the level of October. This is the slowest hiring pace during the post-pandemic reopening period. Meanwhile, the unemployment rate rose to 4.573% in November, an increase of 13 basis points from September's 4.44%. Powell stated last week that the Fed believes its policy setting will stabilize the unemployment rate, or "will only rise by 0.1 or 0.2 percentage points."