US Employment Report Preview
Momentum unlikely to be maintained throughout 2012
Our econometric model suggests that the labour market ended 2011 on a high note, with non-farm payrolls rising by around 150,000 in December. That would be a marked turnaround from the stagnation in jobs growth seen last summer and would beat November’s 120,000 rise. But jobs growth is unlikely to accelerate further in 2012.
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