US stocks lower ahead of of Dec. jobs report
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Economists say the last jobs report of the year could shed new light on what workers still need information on about the market.
The December jobs report isn’t expected to sweep away the uncertainties that have plagued much of the year. The number of jobs created is likely to be distorted by seasonal hiring and the government’s resumption of operations as furloughed contractors return to work.
The monthly employment roundup is perhaps the most significant economic indicator compiled by the government or private sector.
Follow news and analysis of the December jobs report, which is due to be published on Friday, Jan. 9 by the Bureau of Labor Statistics.
The December job report could come with big revisions. 10-Year rates could head much higher if report shows that growth rates are improving.
December’s jobs report, to be released Friday, is likely to show that employers added a modest 55,000 jobs, economists forecast.
The pivotal U.S. jobs report for December is supposed to be the first normal one since the government shutdown, but it could prove devilishly hard for investors to parse.
Markets and policymakers will get their first new data on the labor market since the government shutdown that ended in November.
The federal government will release December’s unemployment rate and payroll changes Friday morning, helping to make sense of a cooling labor market.