RBC anticipates a modestly weaker non-farm payroll report

<p>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.</p><p>RBC forecasts the unemployment rate to rise by 0.1 to 4.0%</p><ul><li>Employment likely to grow by 185K, "with return of workers from the UAW strike accounting for 30K workers of that gain"</li><li>"Broadly speaking, we expect labour demand will continue to slow, and for that to ease wage pressures further."</li></ul><p>***</p><p>Earlier:</p><ul><li><a href="https://www.forexlive.com/news/us-non-farm-payrolls-data-the-key-ranges-for-estimates-to-watch-20231208/" target="_blank" rel="follow" data-article-link="true">US non-farm payrolls data – the key ranges for estimates to watch</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.