U.S. Employment was Softer than Expected
U.S. December nonfarm payrolls rose a modest 156k, compared to the 180K expected, after an upwardly revised 204k gain in November and a downwardly bump in October to a 135k increase. The net October, November revision was 19k. The unemployment rate ticked up to 4.72% from 4.65% which was revised from 4.640%. The labor force jumped 184k versus the prior -187k, while household employment edged up 63k from 146k in November
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