The pace of US jobs growth is set to have slowed further in December, as the Federal Reserve’s aggressive interest rate increases begin to weigh more heavily on economic activity.
The world’s largest economy is expected to have added 200,000 jobs in the final month of 2022, according to a consensus forecast compiled by Bloomberg, a step down from the 261,000 increase registered in November and well below last year’s peak of 714,000 jobs recorded in February.
The unemployment rate is expected to have steadied at 3.7 per cent, just above a historic low, the data set to be released by the Bureau of Labor Statistics at 8:30am ET will show, according to economists.
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