U.S. added 64,000 jobs in November, with unemployment rate jumping to four-year high of 4.6%

The latest U.S. employment statistics indicate that 64,000 jobs were added in November, while the unemployment rate has jumped to 4.6%, the highest level in four years. These figures suggest a somewhat weakening jobs market as the economy approaches the end of the year. Particularly, the October data was softer than market expectations, which could affect market sentiment significantly. The downward trend in employment and increase in the unemployment rate are likely to impact consumer confidence, leading to a more cautious outlook on future economic activities. Market participants may reassess the risks of an economic downturn, with potential repercussions for interest rates and the stock market. Additionally, the possibility of policy changes by the Federal Reserve will be closely monitored.