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2026-01-09 16:08:20
[US Non-Farm Payrolls Growth Expected to Slow in December] ⑴ US non-farm payrolls are projected to increase by approximately 60,000 in December 2025, slightly lower than the 64,000 increase in November. ⑵ This could be the first report largely unaffected by the distortions caused by the fall government shutdown. ⑶ The unemployment rate is expected to decline slightly to 4.5% from 4.6% in November. ⑷ Average hourly earnings are expected to rise 0.3% month-over-month, down from 0.1% previously; the annualized rate is expected to rise slightly to 3.6% from 3.5%. ⑸ The data may show only a modest expansion in the labor market, as employers remain cautious amid tariff uncertainty, tightening immigration policies, and the rise of artificial intelligence. ⑹ Some experts point out that even the recent weak job growth may be overestimated. ⑺ The Federal Reserve Chairman indicated that the economy may have lost approximately 20,000 jobs per month since April.
