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Forex Flash: US December NFP to reflect “fiscal cliff” anxiety – TD Securities

By FXstreet.com,  January 04, 2013, 06:19:00 AM EDT

FXstreet.com (Barcelona) - TD Securities analysts expect employment growth to remain subdued in December as heighted anxiety on the impact of the fiscal cliff continues to constrain business hiring decisions: "Our expectation is for the pace of job growth to ease to 82K, marking the slowest pace of employment growth since June", they wrote and added that "this would be significantly below the consensus expectation of 150k, with the ADP this week suggesting a print of 200k (but this survey has overestimated December payrolls by an average of 92k over the last three years)".

In regard to the unemployment rate, risks are titled towards a modest uptick to 7.8% in December, after being at 7.746% in November.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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