Instant Analysis of Today’s Employment Report for December

  • by BPC Staff
  • on January 9, 2015
  • 0 Comments

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.

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