The Federal Reserve is unlikely to cut interest rates this month as consensus grows over a weakening labor market

ChainCatcher news, according to Golden Ten Data, Jerry Tempelman, Vice President of Fixed Income Research at US Common Capital Management, stated that the data interruption caused by a prolonged government shutdown has made today's employment report provide economists with profound insights into the labor market for the first time in three months. Although the unemployment rate reached a four-year high in November, the weak labor market backdrop has not triggered concerns sufficient to support further interest rate cuts by the Federal Reserve this month.