# U.S. labor market tightening; jobless rate flirts with pre-pandemic lows | Reuters

> US labor market data showed tightening, with the jobless rate near pre-pandemic lows. Fed Chair Powell suggested the central bank could speed up winding down its bond purchases at the December 14-15 meeting.

- Date: 2021-12-03 · published 2021-12-03T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/43796-u-s-labor-market-tightening-jobless-rate-flirts-with-pre-pandemic-lows-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A tighter labor market and faster tapering strengthen the case for earlier rate hikes, which tends to support the dollar and pressure dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-02 | [Dollar firms after U.S. labor data suggests more rate hikes \| Reuters](https://feedsoft.ai/events/37076-dollar-firms-after-u-s-labor-data-suggests-more-rate-hikes-reuters.md) | +0.7% | -0.8% |
| DXY | 2022-01-27 | [Dollar jumps as markets brace for larger, faster rate hikes \| Reuters](https://feedsoft.ai/events/6268-dollar-jumps-as-markets-brace-for-larger-faster-rate-hikes-reuters.md) | +0.1% | +0.7% |
| DXY | 2026-02-19 | [Dollar advances after data implies stable labor market \| Reuters](https://feedsoft.ai/events/20506-dollar-advances-after-data-implies-stable-labor-market-reuters.md) | -0.1% | +1.8% |
| DXY | 2023-05-25 | [Gold hits 2-month low on US debt talks progress, rate hike bets \| Reuters](https://feedsoft.ai/events/35842-gold-hits-2-month-low-on-us-debt-talks-progress-rate-hike-bets-reuters.md) | -0.4% | -1.1% |
| DXY | 2021-10-12 | [Money markets ramp up global rate hike bets, add pressure on central banks \| Reuters](https://feedsoft.ai/events/44808-money-markets-ramp-up-global-rate-hike-bets-add-pressure-on-central-banks.md) | -0.5% | -0.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/us-job-growth-misses-expectations-november-unemployment-rate-dives-42-2021-12-03/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.