The U.S. added just 64,000 jobs in November a sign the labor market is slowing

"The job market continues to show signs of cooling. U.S. employers added just 64,000 jobs in November, according to a delayed report from the Labor Department Tuesday, while the unemployment rate rose to 4.6% from 4.4% in September. That's the highest unemployment rate in more than four years. The jobs report was initially set to come out earlier this month, but the government's ability to monitor the job market was hampered by the six-week federal shutdown."

"The report showed the U.S. saw a net loss of 105,000 jobs in October. That was led by a large drop in the federal workforce, as 162,000 government workers who'd taken buyouts earlier in the year were officially dropped from the payrolls. Furloughed federal workers were unable to conduct their usual survey of households in October, so the unemployment rate for that month remains unknown."

""It's a labor market that seems to have significant downside risks," Fed Chairman Jerome Powell warned. "People care a lot about that. That's their jobs. That's their ability if they get laid off or if they're entering the labor force to find work. So that's really important to people.""

U.S. job growth slowed notably, with only 64,000 jobs added in November and the unemployment rate rising to 4.6%, the highest level in more than four years. A six-week federal shutdown delayed Labor Department reporting and hampered data collection, producing combined October and November reports. October showed a net loss of 105,000 jobs, driven by a 162,000-person reduction in the federal workforce after buyouts. Furloughed federal workers could not complete the household survey, leaving October's unemployment rate unknown. Health care and construction added jobs in November while manufacturing and leisure and hospitality lost jobs. The Federal Reserve cut its benchmark rate amid concerns about labor-market weakness.

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