US adds 266,000 new jobs, surpasses expectations
The U.S. economy added more jobs last month than expected, and the unemployment rate touched a record low.
According to data from the U.S. Bureau of Labor Statistics, 266,000 new positions were added to the economy in November, which well exceeded economists' forecasts of 180,000.
The unemployment rate fell to 3.5%, the lowest since 1969.
Average hourly earnings rose +0.2% on a monthly basis, in line with analysts’ expectations. The year-over-year wage growth rate came in at + 3.1%, above analysts’ forecasts of +3%.
The latest jobs reports potentially spells hope amid uncertainties related to US-China trade relations, slowing business fixed investment and weakening manufacturing output of recent times.
Manufacturing sector added 54,000 positions in November, out of which 41,000 were in auto manufacturing. General Motors workers, who came back from their October strike, helped in boosting job gains.
U.S. job gain figure for October was revised upwards to 193,000 from 180,000. For September, the data was revised to 156,000 from 128,000.
SPY sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for SPY moved above the 200-day moving average on June 27, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 03, 2025. You may want to consider a long position or call options on SPY as a result. In of 68 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SPY just turned positive on June 26, 2025. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 364 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 432 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SPY broke above its upper Bollinger Band on June 26, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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