There is beauty in the eyes of those who look at U.S. employment statistics.

The US employment report for November is of interest to everyone.

Those who believe in the weakness of the economy will highlight the higher-than-expected unemployment rate and the drop in employment numbers in October.

Supporters of a strong economy, on the other hand, will focus on November’s better-than-expected job growth and point out, as CNBC’s Jeff Cox pointed out, that the rise in unemployment is primarily due to an increase in the labor force.

Traders largely kept their outlook for a rate cut in January unchanged, with no definitive verdict on the state of the labor market. According to the CME FedWatch tool, it’s now 25.5%, up about 1 percentage point from before November’s employment report was released.

“Today’s data paints a picture of the economy taking a breather,” said Gina Bolvin, president of Bolvin Wealth Management Group. “Job growth continues, but cracks are appearing. Consumers are still standing, but not at full speed.”

This ambiguity was also reflected in the market. Major U.S. indexes were mixed. S&P500 and Dow Jones Industrial Average They fell by 0.24% and 0.62%, respectively. Nasdaq Composite resulting in a slight increase of 0.23%. tesla The stock price closed at an all-time high.

Whether you’re a bull or a bear, Tuesday’s tea leaves will show you what you want to see, but beware of confirmation bias.