The September jobs report typically would have been published in the first week of October, but was delayed till now due to the government shutdown.

[The Interest Rate Swap Market Indicates Low Probability of Fed Rate Cut in December] On November 20, the interest rate swap market indicated that the probability of the Federal Reserve cutting rates in December is low. Although traders increased their bets on a Fed rate cut following the release of the latest economic data, it is still expected that the Fed will not cut rates in December.

[U.S. July and August Nonfarm Payroll Data Revised Down by a Total of 33,000] The U.S. Bureau of Labor Statistics released revised data: July nonfarm payrolls were revised down by 7,000 from +79,000 to +72,000; August nonfarm payrolls were revised down by 26,000 from +22,000 to -4,000. After the revision, the total increase in nonfarm payrolls for the two months decreased by 33,000.

[U.S. Weekly Initial Jobless Claims Lower Than Expected] The number of initial jobless claims in the U.S. for the week ending November 15 was 220,000, lower than the market expectation of 230,000.

[U.S. September Unemployment Rate at 4.4%, Higher Than Expected 4.30%] On November 20, the U.S. September unemployment rate was 4.4%, higher than the expected 4.30%, with the previous value at 4.30%.