December 16, 2025
United States:
US Payrolls Rise 64,000 After October Drop, Unemployment Up
US job growth remained sluggish in November, and the unemployment rate rose, pointing to a continued cooling in the labor market after a particularly weak October.
Nonfarm payrolls increased 64,000 in November after declining 105,000 in October, according to Bureau of Labor Statistics data out Tuesday. The unemployment rate was 4.6% last month, up from 4.4% in September and the highest since 2021.
Europe:
Euro-Zone Activity Weaker Than Expected on German Industry
Private-sector activity in the euro area grew less than anticipated in December as Germany’s industrial sector unexpectedly deteriorated.
The Composite Purchasing Managers’ Index compiled by S&P Global slipped to 51.9 from 52.8 in November, holding above the 50-threshold separating growth from contraction.
Asia:
Yen Outperforms Major Currency Peers as BOJ Rate Hike Bets Grow
The yen outperforms all its major peers ahead of the Bank of Japan’s widely anticipated move to lift its benchmark interest rate this week, as traders await key US economic data.
Japan’s currency gained as much as 0.4% to 154.68 against the dollar, while dollar-yen’s 1-week implied volatility rose to its highest since November.
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