Reported 1 day ago
Economist Veronica Clark anticipates a lackluster December jobs report, forecasting only 120,000 non-farm payroll additions, below market expectations, and predicts an increase in the unemployment rate from 4.2% to 4.4%. She expresses concern over potential layoffs and a decline in consumer spending, suggesting that a weak hiring environment could lead to a gradual rise in unemployment as workers leave the job market to cut labor costs.
Source: YAHOO