Traders left odds of a January interest‑rate cut largely unchanged after the November jobs report showed nonfarm payrolls rose by 64,000 but the unemployment rate unexpectedly climbed to 4.6%, following a delayed government report that also revised earlier months and revealed steep federal job cuts.Economists and advisers including
David Wessel of the
Brookings Institution and
Gina Bolvin of
Bolvin Wealth Management said the data points to an uneven labor market — with gains in health care, education and social services offset by losses in manufacturing and transportation, a rising number of part‑time workers wanting full‑time jobs, nearly two million long‑term unemployed and roughly 168,000 federal positions eliminated — even as
Tesla rallied after
Elon Musk confirmed tests of driverless robotaxis and
Donald Trump announced a designation of Venezuela as a foreign terrorist organization and a blockade order on sanctioned oil tankers.