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December US jobs report expected to show hiring slowdown, declining wage gains

From finance.yahoo.com

The December jobs report is set for release Friday morning and is expected to show more signs of a cooling labor market to finish 2023. The monthly labor report from the Bureau of Labor Statistics, slated for release at 8:30 a.m. ET, is expected to show nonfarm payrolls rose by 175,000 in December while the unemployment rate ticked up to 3.8% from the previous month, according to consensus estimates compiled by Bloomberg. In November, the US economy added 199,000 jobs while unemployment unexpectedly fell to 3.7%. Here are the key numbers Wall Street will be looking at, according to data from Bloomberg: • Nonfarm ... (full story)

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  • Category: Fundamental Analysis