US NFP Preview: Forecasts from eight major banks, another healthy gain

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US NFP Preview: Forecasts from eight major banks, another healthy gain
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US NFP Preview: Forecasts from eight major banks, another healthy gain NFP UnitedStates DollarIndex Macroeconomics Banks

“In December, more than 200K new jobs were created again in the US. However, there were some details in the employment report that point to a gradual weakening of the labor market. For example, the number of temporary workers shrank for the fifth month in a row, a trend previously seen only in the run-up to recessions. In addition, despite continued substantial job creation, the number of hours worked fell. We, therefore, expect job growth to decline further to 180K in January.

. We expect the unemployment rate to remain unchanged at 3.5%, although with some elevated uncertainty around components of the household survey in January.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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