NFP: 85,000 JOBS LOST IN DECEMBER. MUCH MORE THAN EXPECTED
Posted To:MND NewsWire
The December Employment Situation Report has been released. 85,000 jobs were lost in December, much worse than expected. The unemployment rate was unchanged at 10.0%. The November report was revised to +4,000 jobs created vs. the original print of -11,000 jobs lost. HERE IS WHAT TICKED ACROSS MY NEWS FEED: U.S. DEC NONFARM PAYROLLS -85,000 (CONSENSUS UNCH) VS NOV +4,000 (PREV -11,000) DEC JOBLESS RATE 10.0 PCT (CONS 10.1 PCT) VS NOV 10.0 PCT (PREV 10.0) DEC AVERAGE HOURLY EARNINGS +0.2 PCT (CONS +0.2) VS NOV +0.2 PCT, TO $18.80 VS NOV $18.77 DEC YEAR-ON-YEAR AVERAGE HOURLY EARNINGS +2.2 PCT DEC AVERAGE WORKWK 33.2 HRS (CONS 33.2) VS NOV 33.2, FACTORY 40.4 VS 40.4, OVERTIME 3.4 VS 3.4 OCT NONFARM PAYROLLS REVISED TO -127,000 FROM -111,000, SEPT UNREVISED AT -139,000 The broader measure of unemployment…(read more)
This mortgage update is brought to you by: Adam Quinones – You can read the full article at NFP: 85,000 JOBS LOST IN DECEMBER. MUCH MORE THAN EXPECTED
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