US December Non Farm Payrolls Gain 312,0000 Jobs, Strongest Since Feb

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    The U.S. jobs report for December a robust…



    Fed’s Powell in Atlanta

    Most of the hard data remains solid
    Today’s data was very strong


    [color=purple][size=5][i]and FOMC chief said he would NOT resign if #45 asked for it 😉 :whistle:
    FED does have challenges to unwind about $4T of debt during ZIRP years :unsure:

    Still LET THE GOOD TIMES ROLL[/i][/size][/color] 8)


    Flexibility something you would expect from a banker with 4 trillion to roll ….


    [size=5][color=green][b]Strong Jobs data From NFIB Small Business:

    Actual hiring strengthened to the highest reading in six months, job openings are at a record high levels, and plans to create new jobs are down only three points from August’s record high.

    A record 39 percent of small business owners reported job openings they could not fill in the current period. Sixty percent of owners reported hiring or trying to hire, but 90 percent of those reported few or no qualified applicants for the position. Twenty-three percent of owners cited the difficulty in finding qualified workers as their Single Most Important Business Problem.


    US November JOLTS job openings 6888K vs 7050K expected

    Prior 7079K (revised to 7031K)

    Hiring’s 5710K vs 5928K prior
    Quits 3407K vs 3519K

    November BUT comes on the back of Friday’s huge non-farm payrolls reports.

    The number of job openings decreased for total private -237,000 and was little changed for government.

    The job openings level decreased in a number of industries, with the largest decreases in other services (-66,000) and construction (-45,000). Meanwhile, job openings increased in transportation, warehousing, and utilities (+40,000).

    Job openings fell mostly in the West region (-196,000). Job Offers in the United States averaged 4188.69 Thousand from 2000 until 2018, reaching an all time high of 7293 Thousand in August of 2018 and a record low of 2196 Thousand in July of 2009.


    [color=green][size=5][b]US initial jobless claims 216K v 226K estimate, prior revised higher to 233K v 231K

    Continuing claims 1722K versus 1740K estimate, prior revised higher at 1750K vs 1740K last.
    4-week moving average was 221,750, an increase of 2,500 from the previous week’s revised average which was revised up by 500 from 218,750 to 219,250.
    The 4-week moving average was 1,721,250, an increase of 15,250 from the previous week’s revised average.

    The largest increases in initial claims for the week ending December 29 were in Michigan (+7,997), New Jersey (+7,845), Pennsylvania (+7,367), Connecticut (+5,472), and Ohio (+4,835),

    The largest decreases were in California (-10,107), Texas (-4,804), North Carolina (-1,667), Florida (-1,315), and Arizona (-970).


    [color=green][size=5][b]US initial jobless claims 199k vs 218K estimate Lowest level since November 1969
    Prior week 212K[/b][/size][/color]

    US Continuing claims 1713K vs 1730K estimate…

    The 4 week moving average falls to 215K vs 220.5K last week

    California and 5 states had estimated claims last week
    Federal workers claims arise 14,965 to 25,419 in Jan 12 week

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