December Jobs Reports: Giving The Fed Good Reason To Stay Put In January

2025-01-11 00:35:00 ET

Summary

• The December jobs report showed a 256,000 gain in payrolls, the most added in a single month since March 2024 and well above consensus expectations.
• Total non-farm payrolls increased by a solid 256,000 in December, the most added since March 2024 and well above consensus expectations, which had been calling for 165,000.
• Overall job growth was broad-based across industries, though remained most pronounced in non-cyclical areas of the economy.

By Christian Floro, CFA, CMT, Market Strategist

The December jobs report showed a 256,000 gain in payrolls, the most added in a single month since March 2024 and well above consensus expectations. Job growth was also broad-based, with both non-cyclical and cyclical areas of the economy seeing gains, more than offsetting the ongoing weakness in manufacturing, which has, in total, shed jobs this year....

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