US December nonfarm payrolls report due Friday 07 January 2022 – preview

Consensus is looking for a rise greater than that in November.

This snapshot from the ForexLive economic data calendar, access it here.
The times in the left-most column are GMT.
The numbers in the right-most column are the ‘prior’ (previous month) result.
The number in the column next to that, where is a number, is what is the consensus median expected.

Goldman Sachs is looking for more than 400K:

  • We estimate nonfarm payrolls rose 500k
  • We estimate a one-tenth drop in the unemployment rate to 4.1%

Morgan Stanley, on the other hand, have a below consensus call:

  • We expect nonfarm payrolls increased by 260k in December with an uptick in participation
  • leaving the unemployment rate unchanged at 4.2%
  • We expect average hourly earnings rose 0.3%M, lowering the year-over-year rate to 4.1%

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