January 04, 2013 at 17:30 PM EST
Neutral Market Reaction to an Inline Nonfarm Payrolls Report
The Bureau of Labor Statistics reported nonfarm payrolls data from the month of December and it was relatively in-line with what economists were expecting. The report showed a gain of 155 000 nonfarm payrolls and 168 000 private payrolls though these were slightly less than the prior month as those figures were revised higher. For the month of November nonfarm payrolls were revised up to 161 000 from 146 000 and private payrolls to 171 000 from 147 000. The unemployment rate was unchanged at 7.8% though the prior month was revised up to 7.8% from 7.7%. Since Thursday's ...
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