by Calculated Risk on 1/05/2023 05:25:00 PM

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill:

We estimate nonfarm payrolls rose by 225k in December (mom sa) ... We estimate the unemployment rate was unchanged at 3.7% ... We estimate a 0.35% increase in average hourly earnings (mom sa) that lowers the year-on-year rate to 4.95%
emphasis added