All Posts Tagged: December
While the headline net jobs gain from the December payroll report (156K) was somewhat below consensus expectations for 175K net new jobs, the details of the report reveal a solid U.S. labor market with plenty of fuel left in the tank.
For more, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Jan. 6.Key observations:
- Job growth for November was revised up 204K from an originally reported 178K.
- The payroll report for December revealed some encouraging job growth in manufacturing (17K).
- A strong U.S. dollar and potential trade disputes could be a major headwind against full-blown recovery in U.S. manufacturing activity and jobs in 2017.
- If job growth remains near current levels, the U.S. unemployment rate — which ticked up to 4.7% in December — has further room to decline in the months ahead.
The FOMC statement released along with the decision today lays the necessary groundwork for a December rate hike decision.Read More ›