The U.S. stock market is falling after disappointing labor market data. The S&P 500 index is down almost 1%. The unemployment rate in November remained unchanged at 3.7%. Meanwhile, the number of nonfarm payrolls rose well above expectations, as did wages. Because of this, the Fed may be wondering if it is worth slowing the pace of rate hikes if the labor market remains very strong.
Unemployment in the U.S. brings back bearish sentiment
