Citigroup predicts upcoming non-farm payroll report may reveal more conflicting signals

According to sources from Hashili Chain, Citigroup economists indicated that the latest US non-farm payroll report expected to be released may send more mixed signals. The report, which includes data from October and November, could provide a more complete picture of the US labor market for policymakers and investors. The Federal Reserve lowered interest rates to a three-year low after this week's meeting, but there is intense debate over whether to prioritize addressing high inflation or the weak employment market. Citigroup economists predict that October employment will decrease by approximately 45,000 jobs, while November will see an increase of 80,000 jobs. Economists believe this rebound is more related to seasonal adjustments rather than a "genuine improvement in worker demand." They also forecast the unemployment rate will rise from 4.4% to 4.52%, while a Reuters economist survey shows the unemployment rate at 4.4%. The Federal Reserve's own quarterly forecast indicates a median unemployment rate of about 4.5% by the end of this year.

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