Jobs Report Shows Labor Market Weakening as Unemployment Hits 4.6%

New federal jobs data confirms the U.S. labor market softened in October and November. After weeks of delays caused by the government shutdown, the Bureau of Labor Statistics reports job losses in October, modest hiring in November, and an unemployment rate rising to 4.6% — the highest level since 2021.

In this episode of Real Estate News for Investors, Kathy Fettke breaks down what's driving the slowdown, including sharp cuts in federal employment, slower wage growth, and mixed signals from consumer spending. We also look at which sectors are still adding jobs — like health care and construction — and where losses are mounting, including transportation and leisure and hospitality.

Finally, Kathy explains why this cooling labor market matters for real estate investors as we head toward 2026, and what to watch next with inflation data and Federal Reserve policy.

🏡 Want to come to RealWealth's Live Event? Visit www.Realwealth.com/Expo to learn more.

JOIN RealWealth® FOR FREE https://realwealth.com/join-step-1

SOURCES: https://www.nbcnews.com/business/economy/jobs-report-november-october-payrolls-rcna249325

https://www.nytimes.com/live/2025/12/16/business/jobs-report-economy