US Non-Farm Payrolls Surprise Slowdown: Only 50K Jobs Added in December
- Job Growth Slowdown: December's non-farm payrolls increased by only 50,000, significantly missing the economist forecast of 66,000, indicating potential shifts in the economic landscape that could influence future monetary policy decisions.
- Unemployment Rate Slightly Decreases: The unemployment rate edged down to 4.4% from November's 4.5%, slightly better than expected, yet still reflects weakness in the labor market, which may lead to a slowdown in consumer spending.
- Mixed Sector Performance: The healthcare sector added 18,000 jobs and government employment increased by 15,000, while retail trade lost 12,000 jobs, contrary to typical seasonal hiring patterns, potentially impacting overall economic recovery.
- Long-Term Unemployment Improvement: The number of long-term unemployed fell to 1.2 million, representing 19.8% of total unemployment, indicating some recovery in the labor market, but future growth trends remain a concern.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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