The NFP for December is out on Friday in the US, due at 1330 GMT on December 5
- The consensus median for the headline is +190K after November's +228K
This preview is via Barclays (bolding mine):
- Nonfarm payrolls rebounded strongly in October and November following the hurricane-disrupted readings in August and September.
- Incoming data on labor markets, including initial and continuing claims, point to another month of solid employment growth.
- We expect nonfarm payrolls to rise by 175k, in line with the year-to-date monthly average, and for private sector payrolls to rise by 170k.
- We look for the unemployment rate to decline by 0.1pp to 4.0%,
- for average hourly earnings to rise by 0.3% m/m and 2.5% y/y,
- and for average weekly hours to hold steady at 34.5.
