Top Stories
Top Stories
Market Insider

December jobs report risks disappointing optimistic market

VIDEO4:1204:12
Interest rate outlook

December's employment report should show broad-based job growth of more than 200,000, but it could pale in comparison to November's robust report and disappoint some of the loftier expectations in the market.

Economists expect a consensus of 240,000 nonfarm payrolls, and the unemployment rate is expected to fall to 5.7 percent, from 5.8 percent. November's 321,000 nonfarm payrolls could also be revised lower, and it's possible that a big monthly pop may have taken some jobs away from December.

"I guess I'm a little worried," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi. "I hate to be a hand wringer. The consensus is so high. We've been led down this path before, thinking things are OK, and then they're not." Rupkey expects to see 220,000 nonfarm payrolls.

Related Tags