Unemployment Rate (Dec)
| Survey | 4.8% |
| Actual | 5.0% |
| Prior | 4.7% |
| Revised | n/a |
It comes from the household survey – been volatile.
Change in Nonfarm Payrolls (Dec)
| Survey | 70K |
| Actual | 18K |
| Prior | 94K |
| Revised | 115K |
Change in Manufacturing Payrolls (Dec)
| Survey | -15K |
| Actual | -31K |
| Prior | -11K |
| Revised | -13K |
Payroll increases continue to decline modestly over time. The fed believes demographic changes will reduce the labor force participation rate, keeping unemployment relatively low and labor markets tight, even with fewer jobs.
Average Hourly Earnings MoM
| Survey | 0.3% |
| Actual | 0.4% |
| Prior | 0.5% |
| Revised | 0.4% |
Average Hourly Earnings YoY (Dec)
| Survey | 3.6% |
| Actual | 3.7% |
| Prior | 3.8% |
| Revised | n/a |
Remains firm, and productivity probably down, meaning unit labor costs rising some.
Average Weekly Hours (Dec)
| Survey | 33.8 |
| Actual | 33.8 |
| Prior | 33.8 |
| Revised | n/a |
ISM Non-Manufacturing (Dec)
| Survey | 53.6 |
| Actual | 53.9 |
| Prior | 54.1 |
| Revised |
Very firm and cross checks with th 93,000 increase in service sector jobs for December.
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ISM Non-Manufacturing TABLE
Note the strength in the price categories.
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