Economists predict a slowdown in job growth for December, with estimates ranging from 125,000 to 155,000 new nonfarm payrolls added. The report is anticipated to offer limited clarity on the future trajectory of the labor market, as experts debate the extent of the hiring slowdown.
Economists expect the Bureau of Labor Statistics to report a gain of 155,000 in nonfarm payrolls in December, a step down from the surprising 227,000 increase in November.
The December jobs report is likely to provide only limited clarity on where the labor market is headed, with experts differing on how pronounced a slowdown there is in hiring.
"Our forecast reflects a rebound in the labor force participation rate and middling household employment growth amid more challenging job-finding prospects," the Wall Street bank said in a note."We expect deceleration in job growth in non-retail sectors, particularly professional services and construction, to more than offset stronger retail hiring this month."
At the Federal Reserve's December meeting, officials noted an"ongoing gradual easing in labor market" conditions, but saw"no signs of rapid deterioration," according to
Labor Market Jobs Report Unemployment Rate Hiring Slowdown Economy
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
December Jobs Report Expected to Show Slowdown in HiringThe December jobs report is anticipated to reveal a decrease in nonfarm payroll growth, but economists differ on the magnitude of the slowdown. Challenges in interpreting labor market data and the impact of holiday hiring add complexity to the report's analysis.
Read more »
Goldman Sachs Predicts Stock Market Reaction to December Jobs ReportGoldman Sachs anticipates a range of stock market responses to the December jobs report, depending on the exact number. Economists predict a slowdown in job growth, with nonfarm payrolls potentially increasing by 155,000. Goldman Sachs strategist John Flood suggests a sweet spot for stocks between 100,000 and 125,000 jobs added, which could trigger a rally. However, stronger job growth could lead to higher interest rates, potentially harming the stock market. The report is a crucial indicator before the Federal Reserve's next meeting.
Read more »
AI-Related Jobs Soar on LinkedIn's 'Jobs on the Rise' ReportLinkedIn's annual 'Jobs on the Rise' report highlights the growing demand for AI talent, with AI engineers and consultants leading the list. The report, based on real-world hiring trends, reflects the increasing adoption of AI across industries.
Read more »
Unemployment claims steady, but continuing claims reach 3-year highThe government's December jobs report comes out on Jan. 10.
Read more »
Unemployment claims steady, but continuing claims reach 3-year highThe government's December jobs report comes out on Jan. 10.
Read more »
Unemployment claims steady, but continuing claims reach 3-year highThe government's December jobs report comes out on Jan. 10.
Read more »