The U.S. economy added 227,000 jobs in November, indicating a strong recovery from previous setbacks caused by hurricanes and a Boeing strike.
The November jobs report shows a clearer snapshot of labor market health, supported by low unemployment filings and solid job growth in transportation.
Fed officials are less worried about job growth compared to earlier in the year, as economic data indicates resilience despite inflation concerns.
Market chance for an interest rate cut by the Fed rose to 89% following the jobs report, reflecting expectations of continued accommodative policy.
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