Breaking News: US Non-Farm Payrolls 64K (40K Exp) – Beat Expectations & Retail Sales miss

[Ben Graham]

After a long time without actual NFP data, Markets finally receive the (week late) report for November.

Markets just received the report for the much-anticipated Non-Farm Payrolls, which came at 64K vs 40K Exp.

A small beat, but the Unemployment rate grew from 4.4% to 4.6%

With the past month data unreleased due to the Bureau of Labor Statistics closure, Participants are reacting to the change in the Unemployment Rate (UE)

The last report, released in mid-October for September came at 119K.

Pre-data odds for a cut in January were at 25% and are staying around here.

In case you missed it, the Weekly ADP report came at +16.5K, a decent rebound from the tougher November.

At a similar time, we also received the report for Retail Sales with the headline missing (0% vs 0.1% exp) while the Control Group beat estimates.

A reaction piece is coming up highlighting the reactions to the data, stay connected!

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US Labor and Retail Sales data from the Morning – December 16, 2025. Source: MarketPulse Economic Calendar

Safe Trades!

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