Summary
- The U.S. Department of Labor said December nonfarm payrolls rose by 50,000 from the previous month, falling short of the market forecast.
- The increase in December nonfarm payrolls was 6,000 lower than the revised November figure, it said.
- The December unemployment rate was 4.4%, 0.1 percentage point below the estimate of 4.5% and down 0.2 percentage point from November, it said.
U.S. employment data for last month came in below market expectations.
The U.S. Department of Labor said on Dec. 9 (local time) that nonfarm payrolls rose by 50,000 from the previous month in December. The figure fell short of the market forecast of 66,000. Compared with the revised November figure of 56,000, it was 6,000 lower.
The unemployment rate in December was 4.4%, 0.1% point below economists’ estimate of 4.5%. Compared with the November unemployment rate (4.4%), it fell by 0.2% point.
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