Nick Timiraos: Private sector employment increased by an average of 44,000, and the unemployment rate rose to 4.573%

ChainCatcher News, according to Golden Ten Data, "Federal Reserve mouthpiece" Nick Timiraos stated that as of November, the private sector added an average of 44,000 jobs over the past six months, maintaining the level seen in October. This marks the slowest hiring pace in the post-pandemic reopening cycle. Meanwhile, the unemployment rate in November rose to 4.573%, up 13 basis points from 4.44% in September. Powell stated last week that the Federal Reserve believes its policy setting will stabilize the unemployment rate, or "will only rise by another 0.1 or 0.2 percentage points."