NFP - Trump's tariff policy raises concerns

2025-01-10
Summary:

Job creation in November rebounded as the Boeing strike and Southeast hurricanes eased, according to the BLS. Worker pay rose 0.4% month-over-month.

Dec NFP


10/1/2025 (Fri)


Previous (Nov):227k Forecast: 160k


Job creation in November bounced back from the prior month as the effects of a strike at Boeing and hurricanes in the Southeast receded, the BLS said. Worker pay continued to rise, up 0.4%emonth on month.


Nonfarm payrolls increased by 227,000 for the month, compared with an upwardly revised 36,000 in October and a consensus estimate for 214,000. The unemployment rate edged higher to 4.2% as expected.


Despite rosy business sentiment, Trump promises to raise tariffs on imports and carry out mass deportations of migrants have raised concerns of higher prices and labour supply disruptions.

NFP

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