12月非农今夜出炉：就业料温和增长至7.3万，“稳定之年”或成2026主旋律

Group 1 - The U.S. labor market is expected to show moderate improvement in December, with non-farm payrolls projected to increase by 73,000 and the unemployment rate slightly decreasing to 4.5% [1] - The average monthly job growth for the first 11 months of 2025 was 55,000, indicating that December's expected growth is slightly above this average and better than November's figure of 64,000 [1] - Despite the low unemployment rate, some Federal Reserve policymakers express concerns about potential cracks in the labor market becoming more apparent this year [1] Group 2 - Employment growth has primarily been concentrated in sectors benefiting from expansionary fiscal policies, particularly healthcare and government [2] - A notable trend for 2026 is the emphasis on employee retention, with employers focusing on keeping existing staff rather than aggressive hiring or layoffs [2] - The upcoming report will be the first timely employment report since the government shutdown ended in mid-November, with some economists expecting a "clean" report free from disruptions only by February [2]