RBC is looking for a modestly weaker non-farm payroll report from the US later today, Friday, 8 December at 8.30 am US Eastern time.
RBC forecasts the unemployment rate to rise by 0.1 to 4.0%
- Employment likely to grow by 185K, "with return of workers from the UAW strike accounting for 30K workers of that gain"
- "Broadly speaking, we expect labour demand will continue to slow, and for that to ease wage pressures further."
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Earlier:
