Jefferies: The market is overreacting to labor market signals

According to ChainCatcher, citing Golden Ten Data, the US dollar slightly rebounded after falling in the previous trading day due to weak US labor market data. Third-party data shows that in October, US companies laid off more than 150,000 employees, marking the largest number of layoffs for that month since 2003. Jefferies economist Mohit Kumar stated that the market is overreacting to any hints from the labor market, and the outcome of the Federal Reserve's December meeting is almost a "coin toss," with the key depending on the performance of the labor market.