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December Jobs Dash Hopes of a Rate Cut; That’s a Good Thing

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December Jobs Dash Hopes of a Rate Cut; That’s a Good Thing
A billboard showing the U.S. national debt in Washington, on July 10, 2023. Madalina Vasiliu/The Epoch Times
J.G. Collins
Updated:
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Commentary
This morning’s Establishment Survey jobs numbers printed at 216,000, well above the consensus expectation of 170,000. The Household Survey printed at at 169,000. (The Establishment Survey estimates the number of new jobs created, so can take account of people working multiple jobs. The Household Survey estimates the number of people who gained jobs.) Some 52,000 of the Establishment Survey’s 216,000 new jobs were in government. Net revisions to the Establishment Survey for the prior two months reduced jobs by 75,000.
J.G. Collins
J.G. Collins
Author
J.G. Collins is managing director of the Stuyvesant Square Consultancy, a strategic advisory, market survey, and consulting firm in New York. His writings on economics, trade, politics, and public policy have appeared in Forbes, the New York Post, Crain’s New York Business, The Hill, The American Conservative, and other publications.
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