by Calculated Risk on 1/07/2021 09:23:00 PM

My December Employment Preview

Goldman December Payrolls Preview

Friday:
• At 8:30 AM ET, Employment Report for December. The consensus is for 70 thousand jobs added, and for the unemployment rate to increase to 6.8%.

Click on graph for larger image.

This graph shows the job losses from the start of the employment recession, in percentage terms through November.

The current employment recession was by far the worst recession since WWII in percentage terms, and the worst in terms of the unemployment rate.