This week is pivotal for jobs data, as it will play a crucial role in the Federal Reserve’s upcoming rate cut decision on December 18th.

The data will offer valuable insight into the future trajectory of interest rates and the bond market.

What do we expect to happen this week.

• Job Openings increase slightly
• Quit rate to drop again, Lowest since 2015 (less people quitting their jobs)
• ADP lower job creations
• BLS jobs Report 195,000 new jobs.

These jobs reports will be a key driver of the bond market. As shown below, an upward trend indicates lower rates. If this trend continues through the week, it bodes well for future Federal Reserve rate cuts and lower mortgage rates.