U.S. labor market momentum slowed notably in November 2025, with Nonfarm Payrolls rising by 64,000, down from 119,000 in September 2025. The latest figure, updated on 16 December 2025, underscores a marked loss of hiring strength as employers added almost half as many jobs compared with the prior reported period.
The shift from 119K to 64K suggests companies may be becoming more cautious in their staffing plans amid evolving economic conditions. While still positive, the weaker payroll expansion points to a cooler jobs environment that investors and policymakers will be watching closely for signs of whether this deceleration continues into the coming months.
