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December’s Jobs Report
Posted: Mon Jan 06, 2025 3:53 pm
by admin
| There’s a focus on jobs this week, with December’s unemployment report due on Friday. Forecasts show non-farm payrolls rising by 155,000, down from 227,000 in November. The unemployment rate is expected to stay at 4.2%. |
- “Consistent with a firm labor market”: Bloomberg suggests employers tempered their December hiring, and puts the average 2024 monthly job growth at 180,000. It rates that as healthy, and says it should ease any pressure on the Federal Reserve to boost growth with quicker rate cuts.
- Job openings update on Tuesday: Job openings rose to 7.7 million in October, from 7.4 million in September. If the November figure remains unchanged from that as expected, it could be more evidence of a steady labor market.
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