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%
The late October data actually came in at -105K in October, you can access the full fresh report right here.
Private payrolls are rising but at the slowest pace since the post-COVID period.
Pre-data odds for a cut in January were at 25% and are slightly rising.
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!
US Labor and Retail Sales data from the Morning – December 16, 2025. Source: MarketPulse Economic Calendar
Safe Trades!
Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier
Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.
If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.
Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.
© 2025 OANDA Business Information & Services Inc.
