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Can Nonfarm payrolls beat forecasts for a ninth consecutive month?

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In the last eight months, nonfarm payrolls have outperformed forecasts.

The NFP is often not up to expectations.

The rate of job growth that exceeds pre-pandemic levels is not sustainable.

The housing market has been affected by higher interest rates and inflation. The nonfarm payrolls (NFP), have outperformed expectations over the past eight months. Therefore, it is impossible to rule out a further upward surprise.

Friday, January 6, 2019, at 13:30 GMT, US Bureau of Labor Statistics will release the December 2022 US jobs report. Now, the Federal Reserve (Fed), is examining whether to tighten its monetary policy. This will be the first major release in 2023 and a significant one. Below are three possible outcomes.

Source:Forexfactory
۔The NFP could meet expectations at approximately 200,000

Experts predict that the 200,000 increase will be less than November’s 263,000, but it will still result in a significant expansion of the employment market. Before the pandemic, the United States added an average of 200,000 jobs each month.

Even though such an expansion would be beneficial for workers, the Fed would consider it excessive due to the current tight…



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