December jobs report beats estimates

Jan 5, 2024

Analyzing the December jobs report, the hosts discuss the strong job and wage growth, as well as the impact of declining labor force participation. They predict that the report won't lead to an immediate rate cut by the Federal Reserve.

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Analysis of the December jobs report and its impact on the labor market

00:00 • 4min

The pace of hiring in the U.S. continues apace, with the economy adding 216,000 jobs in December — significantly more than expected. At the same time however, the labor force participation rate dipped to its lowest in nearly a year. Against this backdrop, is the Fed still expected to cut rates in 2024? Join Michael Feroli, Chief U.S. Economist, and Samantha Azzarello, Head of Content Curation and Strategy, as they discuss the December payrolls report.

This episode was recoded on January 5, 2024.

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