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- Danske estimate non-farm payrolls increased by 170,000
Danske estimate non-farm payrolls increased by 170,000
"We estimate non-farm payrolls increased by 170,000 in December in line with the recent trend and more or less in line with the consensus of 178,000. We estimate private services was the main contributor to job growth with 150,000 new jobs. After four months in decline, we estimate manufacturing employment was unchanged in December as manufacturing activity has recovered. Construction employment probably increased 8,000 in December. We estimate the unemployment rate rose to 4.7% and that average hourly earnings increased 0.2% m/m, implying a small increase in the wage growth rate of 2.6% y/y".
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