While the US non-farm employment data for December remained below the market expectations; unemployment data decreased.
Non-farm employment and unemployment data for December in the USA were announced. Although the Omicron variant has not yet made its impact on the labor market, non-farm employment data fell short of expectations. Non-farm employment data, while expected 400 thousand, realized as 199 thousand. The unemployment rate fell to 3.9 percent from 4.2 percent in December. Average hourly earnings, on the other hand, increased by 0.6 percent monthly in December; market expectation was announced as 0.4 percent.
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