📉 U.S. UNEMPLOYMENT HITS 4.6% – HIGHEST SINCE SEPT 2021 📉

November jobs report signals a softening labor market:

Unemployment: 4.6% (vs. 4.4% expected)

Unemployed persons: 7.8M

Participation rate: 62.5% (stable)

🔍 Market Implications:

Rising chances of a dovish Fed pivot if the trend continues

Risk assets could see support on rate-cut expectations

💡 Key takeaway: The labor market is cooling—investors will be watching for potential Fed easing.