By eFXdata — Jan 06 - 09:30 AM
Synopsis:
Nomura forecasts solid job growth of 180k in December, with the unemployment rate stabilizing and wage growth moderating slightly.
Key Points:
-
Job Gains:
- Anticipated payroll increase of 180k, supported by strength in the retail and construction sectors.
- Survey data suggest continued labor market improvement.
-
Unemployment Rate:
- Expected to stabilize at 4.2% (rounded), with household survey inconsistencies resolving.
-
Wage Growth:
- Average hourly earnings projected to grow by 0.3% m-o-m, maintaining a 4.0% y-o-y rate.
Conclusion:
Nomura expects the labor market to show resilience in December, with steady job growth and moderated wage pressures aligning with broader economic stability.
Source:
Nomura Research/Market Commentary