TD Securities says Friday’s data may show U.S. added ‘whopping’ 350,000 payroll jobs in December


TD Securities strategists Oscar Munoz, Jan Groen and others said they expect nonfarm payrolls data released on Friday to show that the U.S. added a “whopping” 350,000 jobs in December versus the consensus estimate of 200,000. In a note on Thursday, they said they also see “revisions to the upside” in November’s payroll report. Strong labor-market data is feeding into worries that Federal Reserve officials will continue to hike interest rates to combat inflation. All three major U.S. stock indexes DJIA, -0.78% SPX, -0.84% were lower in afternoon trading as investors digested recent hawkish Fed rhetoric and the U.S. labor market’s strength.

This article was originally published by Read the original article here.

Previous articleCommodities Corner: Here’s what TIPS bonds indicate about the outlook for gold
Next articleAs House heads to vote No. 8 for speaker, what happens (or doesn’t) without one?


Please enter your comment!
Please enter your name here