Published Jan 04, 2019 12:00AM ET
Updated Jan 04, 2019 05:30AM ET
What Economists Are Saying Ahead of December's U.S. Jobs Report
(Bloomberg) -- U.S. employers probably capped a strong year of hiring with a gain just short of the average pace in 2018.
Nonfarm payrolls rose by 184,000 in December, according to the median of estimates in Bloomberg’s survey of economists before the Labor Department releases its monthly employment report Friday at 8:30 a.m. in Washington. That would be up from 155,000 jobs added in November yet shy of the 206,000 average pace in the first 11 months of the year.
The labor market, however, is unlikely to perform as well this year. Economists surveyed by Bloomberg expect job gains to slow to an average monthly pace of 156,000. That would amount to 1.87 million for 2019, less than the 2.27 million added in the first 11 months of 2018.
The jobless rate held in December at 3.7 percent, a 49-year low, as annual wage gains eased to 3 percent from a post-recession high of 3.1 percent, forecasts show.
Job-gain estimates in Bloomberg survey range from 160,000 to 225,000. Here’s what some economists expect, with projections listed from low to high:
ING Groep (AS:INGA)
Wells Fargo (NYSE:WFC)
Morgan Stanley (NYSE:MS)
Citigroup (NYSE:C)
Barclays (LON:BARC)
Goldman Sachs (NYSE:GS)
Amherst Pierpont
Bloomberg Economics
Written By: Bloomberg
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