Now, about the jobs numbers, here are the headline numbers:
An increase of 312,000 in December in non-farm payrolls based on the business survey. That is well in excess of the consensus estimate for 178,000.
Revisions of +58,000 to October and November payroll data, bringing the net up to +370,0000 for this month's business survey
An unemployment rate of 3.9%, up from 3.7% based on the household survey. That compares unfavorably to the anticipated 3.7%.
An increase in the Labor ...
As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.