Live Updates > Live Update Details
2025-12-16 22:46:29
[US Employment Presents a "Dual Narrative": Solid Private Sector Data, Weak Manufacturing Drags Down Overall Momentum] Stephen Brown, an economist at Capital Economics, stated that he is not overly concerned about the non-farm payroll report. He noted that private sector non-farm payroll data was robust, with private sector employment excluding government jobs accelerating in recent months, averaging 75,000 new jobs over the past three months, compared to an average increase of only 15,000 between May and July. Analyst Anstey added that this situation also confirms the view that the healthcare sector has become a key driver of growth. Furthermore, manufacturing employment has seen an absolute decline, so while the employment situation has improved, a broad upward trend has not yet materialized.
