{"id":121711,"date":"2024-01-05T09:10:12","date_gmt":"2024-01-05T07:10:12","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/slower-us-job-growth-expected-in-december-annual-wages-increase-seen-below-4\/"},"modified":"2024-01-05T09:10:12","modified_gmt":"2024-01-05T07:10:12","slug":"slower-us-job-growth-expected-in-december-annual-wages-increase-seen-below-4","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/slower-us-job-growth-expected-in-december-annual-wages-increase-seen-below-4\/","title":{"rendered":"Slower US job growth expected in December; annual wages increase seen below 4%"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/121711\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nU.S. job growth likely moderated in December, while the increase in annual wages probably slowed to below 4% for the first time in 2-1\/2 years, potentially drawing the Federal Reserve a step closer to start cutting interest rates. The closely watched employment report from the Labor Department on Friday is also expected to show the unemployment rate edging up to 3.8% last month from 3.7% in November. Easing labor market conditions would add to data last month showing inflation ebbing significantly in November and could cement financial market expectations for a rate cut in March.<\/p>\n<p>The report would also indicate that the economy avoided a recession last year and would likely continue to grow through 2024 as labor market resilience supports consumer spending. &#8220;Right now, employers are hiring to keep the doors open, rather than to expand, but they&#8217;re also not letting workers go,&#8221; said Elizabeth Crofoot, a senior economist at Lightcast in Washington. &#8220;That&#8217;s close to the &#8216;Goldilocks&#8217; job market that the Fed has been trying to achieve.&#8221;<\/p>\n<p>Nonfarm payrolls likely increased by 170,000 jobs last month after rising 199,000 in November, according to a Reuters survey of economists. Baring any revisions to October and November&#8217;s payrolls counts, this would mean the economy added roughly 2.722 million jobs in 2023, a sharp step-down from the 4.793 million positions created in 2022.<\/p>\n<p>That reflects cooling demand for both labor and in the economy following 525 basis points worth of rate hikes from the U.S. central bank since March 2022. Roughly 100,000 jobs per month are needed to keep up with growth in the working age population. Unseasonably mild weather likely boosted hiring at construction sites last month, while employment in the motion picture and sound recording industries is expected to rise further as disruptions from the since ended strikes fade. Retail employment is a wild card amid conflicting signals on the holiday shopping season.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.reuters.com\/markets\/us\/slower-us-job-growth-expected-december-annual-wages-increase-seen-below-4-2024-01-05\/\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.reuters.com\/markets\/us\/slower-us-job-growth-expected-december-annual-wages-increase-seen-below-4-2024-01-05\/\">Reuters<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vaufien\/slower-us-job-growth-expected-in-december-annual-wages-increase-seen-below-4\/\">Slower US job growth expected in December; annual wages increase seen below 4%<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[4586,1331,915,574,606,607,608,2765],"class_list":["post-121711","post","type-post","status-publish","format-standard","hentry","category-news","tag-annual","tag-growth","tag-job","tag-us","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien","tag-wage"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/121711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=121711"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/121711\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=121711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=121711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=121711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}