CITIC Securities pointed out that the number of new non-farm payrolls in the United States in November 2024 was slightly higher than expected. Healthcare services, leisure and hospitality sectors and government departments were the main contributors, and retail was the main drag. After the impact of hurricanes and strikes dissipated, the new non-farm payrolls in November rebounded as scheduled. The unemployment rate rose and the US job market weakened modestly, but wage growth remained solid and...
CITIC Securities Research Report pointed out that the number of new non-farm payrolls in the United States in July 2024 was lower than expected. The previous value of new non-farm payrolls was revised down, the unemployment rate rose, and the wage growth rate slowed down. All data show that the US labor market continues to cool, but the marginal change is not large in historical data. The unemployment rate of 4.3% is still a historically low level of 9. It is also affected by the increase in lab...