Current: US job market data weaker – wages disappointing

The US employment market data (December) was somewhat weaker than expected with 145,000 new jobs. The forecast was 164,000 new jobs. The two previous months were revised downwards by a total of 14,000 jobs.

US hourly wages are up 0.1% month-on-month and 2.9% year-on-year (the smallest increase since July 2018!). The forecast was +0.3% for the previous month and +3.1% for the same month last year. The previous month was +0.2% and +3.1%).

The US unemployment rate is 3.5% (forecast was 3.5%; previous month was 3.5%).

The participation (shares) rate is 63.2% (forecast was 63.2%; previous month was 63.2%).

In a follow-up article we will analyse the data in more detail

Die US-Arbeitsmarktdaten für den Dezember 2019
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