Non-Farm Payrolls (NFP) Employment for December 2025 - Previous: 64k Forecast: 55k
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Non-Farm Payrolls (NFP) Employment for December 2025 - Previous: 64k Forecast: 55k

Author: Robert Wilson

Published on: 2026-01-09

December NFP


9/1/2026 (Fri) 


Previous: 64k Forecast: 55k


The pace of US job growth rebounded in November after a drop in the prior month, but the unemployment rate increased to 4.6%, indicating the labour market continues to show signs of softening.


Hiring is still expanding, but the momentum that defined the post-pandemic recovery is clearly fading. The focus is shifting away from whether the slowdown is real and towards how quickly monetary policy will respond.


Wage growth adds to the picture of easing pressure with average hourly earnings slowing to 3.5% from 3.7%. Looking ahead, economists expect labour market cooling to persist into early 2026 rather than reverse.

NFP

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.