December Payrolls Beat Expectations But Wage Growth Disappoints, Lowest Since August 2021
January 06, 2023 at 08:43 AM EST
There was a general sense of foreboding ahead of today’s jobs report, because as we wrote in our payrolls preview, several strategists noted that there was virtually no number that would be good for risk assets. As Goldman trader John Flood said, “whispers into December’s jobs print are creeping higher as we have already gotten […] Source