This via Nomura on the December NFP, in summary:

Indicators of labor demand remain strong but beware of weather effects in coming months

forecast 200k

  • employment components of the latest regional surveys and initial claims data suggest labor demand remains strong
  • With temperatures returning to a normal seasonal range, construction employment likely rebounded
  • we expect some payback from a softer-than-expected 155k NFP gain in November

0.3% m/m average hourly earnings

  • 3.0% y/y

unemployment rate 3.6%

Altogether, we expect the December employment report to remind markets that the US growth outlook remains stable despite financial market volatility



Also, from Canada at the same time: