Quotes from Barclays Capital:- For the Dec US employment report, scheduled for release on Friday, Jan 9, we look for headline nonfarm payrolls to expand by 250k, private payrolls to rise by 245k, and government payrolls to grow by 5k. – This would represent a slowdown relative to the surprisingly large 321k rise in payrolls in Nov and a return of employment growth to, in our view, a more sustainable trend rate observed over the prior six months. – Factors in our forecast include initial and continuing claims, both of which improved in the Dec survey week relative to Nov, and the employment diffusion index, which remains at recovery-level highs. – Elsewhere in the report, we expect the unemployment rate to decline one-tenth to 5.7%, average hourly earnings to rise by 0.2% m/m (2.2% y/y), and average weekly hours to hold steady at 34.6.
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