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Key Takeaways U.S. nonfarm payrolls increased by 227,000 in November, an expected upturn following a month impacted by hurricanes and strikes. Emerging indicators point to cautiously optimistic job seekers, with wage growth and quit rates ticking up. Job seeker competition is expected to increase in January, with an influx of job seekers entering the market. Markets are betting the Fed will cut another quarter-percentage point rate at their December meeting.
