December Employment Preview

On Friday at 8:30 AM ET, the BLS will release the employment report for December. The consensus, according to Bloomberg , is for an increase of 175,000 non-farm payroll jobs in December (with a range of estimates between 151,000 to 200,000), and for the unemployment rate to increase to 4.7%. The BLS reported 178,000 jobs added in November. Here is a summary of recent data: • The ADP employment report showed an increase of 153,000 private sector payroll jobs in December. This was below expectations of 172,000 private sector payroll jobs added. The ADP report hasn't been very useful in......(read more)

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