The following is Barclays Capital's first preview of the US December jobs report which is scheduled for release on Friday, January 9.
"For the December US employment report, scheduled for release on Friday, January 9, we look for headline nonfarm payrolls to expand by 250k, private payrolls to rise by 245k, and government payrolls to grow by 5k. ...Elsewhere in the report, we expect the unemployment rate to decline one-tenth to 5.7%, average hourly earnings to rise by 0.2% m/m (2.2% y/y), and average weekly hours to hold steady at 34.6."
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