Federal Reserve Chair Jerome Powell discusses labor market outlook after the third interest rate cut this year, citing unemployment rise to 4.4% and slowing job growth.

U.S. job growth likely rebounded in November following an anticipated decline in nonfarm payrolls in October because of federal government cost-cutting, economists predicted, still consistent with a gradually weakening labor market.

The December cut trimmed the target range to roughly 3.50% to 3.75%. The Fed’s Summary of Economic Projections in December penciled in just one reduction in 2026. Markets, however, have been counting on two rate cuts next year.

Hiring cooled this fall, according to delayed figures released by the Labor Department Tuesday. Employers added 64,000 jobs in November as the unemployment rate rose to 4.6%.

The U.S. Federal Reserve, the central bank of the United States, lowered its benchmark interest rate by 0.25 percentage points to 4.00–4.25% on the 17th. This marks the first rate cut in nine months since December last year. The interest rate gap with ...

The United States gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports.

U.S. labor costs increased slightly less than expected in the third quarter as a softening labor market curbed wage growth, which bodes well for the inflation outlook.

The United States Federal Reserve has cut interest rates by a quarter of a percentage point, marking the last rate cut of the year. On Wednesday, the Federal Reserve cut its benchmark interest rate by 25 basis points to 3.50 – 3.75 percent as US job growth stalls.