Instant Analysis of Today’s Employment Report for December
- Job Creation Solid in December; +252K vs. Consensus Exp. +240K
- Nearly 3.0 Million Net New Jobs Created in 2014
- October and November Job Numbers Revised Up a Net +50K
- Unemployment Rate Falls 0.2% to 5.6% as Labor Force Contracts
- Job Growth in All Major Sectors
- Business Services (+51K), Ed & Health (+48K), Leisure & Hospitality (+36K)
- Trade (+23K), Manufacturing (+17K), and Construction (+48K)
- Biggest Surprise -Hourly Earnings Slip -0.2% in December; y-o-y up only 1.7%
- Dec. Job’s Report Good Enough to Keep Fed on Mid-2015 Rate Hike Course
- Market Reaction to Payroll Report; USD Rises; Stocks Lower; 10-Yr Treasury Yield Flat 2.01%
Click here for the full Instant Analysis of Today’s Employment Report for December from Bank of the West.
Tags: economy, jobs