US Unemployment Rate Rises to 4.6% with 64,000 Jobs Added in November
Job Market Overview: In November, the economy added 64,000 jobs, but the unemployment rate rose to 4.6%, with notable job gains in healthcare and construction, while federal employment continued to decline.
Unemployment Statistics: The BLS reported 7.8 million unemployed individuals, with a jobless rate of 16.3% for teenagers and varying rates across racial groups, while short-term joblessness increased significantly.
Labor Force Participation: The labor force participation rate remained at 62.5%, with 5.5 million part-time workers seeking full-time jobs and 6.1 million individuals wanting work but not counted as unemployed.
Federal Reserve and Economic Outlook: Treasury Secretary Scott Bessent indicated that President Trump is expected to appoint a new Fed chair by January 1, while projecting significant tax refunds and GDP growth of 3.5% for the year.
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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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