03.12.202117:29 Forex Analysis & Reviews: US market: Unemployment fell sharply to 4.2% - we are waiting for new growth

Exchange Rates 03.12.2021 analysis

S&P 500

The official report on employment in the United States for the month was released - "Nonfarm".

The number of new jobs came out much lower than the forecast of +210 against +500.

However, the unemployment rate fell sharply from 4.6% in October to 4.2% in November.

This means two things:

1. The US market may grow on increased employment.

2. The Fed can now move much more freely to tightening monetary policy and the employment problem has been solved. It is possible to begin the fight against inflation.

In the long term, it is good for the dollar but bad for the stock market. However, right now, the market can grow.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2022
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