The US Department of Labor announced on Friday (6) that the number of new nonfarm jobs in December of last year was 223,000, which was higher than market expectations of 200,000, and the previous value was revised to 256,000. month was 3.5%, lower than the 3.7% expected by the market, the previous value has been revised downwards to 3.6%. In addition, the growth rate of average hourly earnings slowed last month, below market expectations.
December Nonfarm Payrolls Report:
- New Nonfarm Employment Reported 223,000, Expected 200,000 and Revised Previous Value of 256,000
- Unemployment Rate Reported at 3.5%, 3.7% Expected, 3.6% Previously
- Average working week 34.3 hours, expected 34.4 hours, previous value 34.4 hours
- Annual growth in average hourly compensation was 4.6%, versus 5.0% expected and 4.8% previously
- Average hourly wages increased 0.3% month-on-month, versus 0.4% expected and 0.4% previously
- Work participation rate reported at 62.3%, expected 62.2%, previous value 62.2%
U.S. stock futures were up in the short-term, with Nasdaq futures up 0.6% following the release of the data.DowFutures climbed 0.5%.S&P 500 indexFutures rose 0.6%.dollar indexIn the short term, it fell about 30 points and is now at 105.30.
Continuously updated…
