Summary:
US job growth surged in December, with unemployment falling to 4.1%, ending the year strong and suggesting the Fed may slow loosening.
Jan NFP
7/2/2025 (Fri)
Previous (Dec)：256k Forecast: 170k
US job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labour market ended the year on a solid footing, reinforcing views that the Fed could slow its pace of loosening.
An increase of 256k jobs, which was well above the forecast for 160k, marked the most since March. The report also showed a decline in the number of people who have permanently lost their jobs.
Hiring has slowed in the aftermath of hefty rate hikes in 2022 and 2023, but historically low layoffs is still powering the economy by supporting consumer spending via higher wages.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
The Fed is likely to keep rates unchanged, with forecasts reflecting changes in views on inflation and the economy, amid tariff-driven price hikes.
2025-03-19
Sterling steadied Wednesday after rising above 1.30 for the first time since November, boosted by a weaker dollar despite the OECD's growth cut.
2025-03-19
The US dollar hovered near a five-month low against the euro and other majors on Tuesday amid concerns over rising global trade tensions.
2025-03-18
