US Economics_ December employment_ So much for downside risk
Dezan Shira & Associates·2025-01-15 07:04
January 10, 2025 03:19 PM GMT US Economics | North America December employment: So much for downside risk The report should reduce concerns about a weaker labor market: payrolls +256k, UE rate -0.15pp to 4.1%. Services drove the acceleration: upswings in holiday-related retail & transport, and also in business services. Payroll earnings rose 5.9% saar pace in 4Q. Fed cuts are about inflation now. Payrolls increased 256k in December, with private payrolls +223k and little revision to prior months. The unempl ...