US: Nonfarm Payrolls to rise by 260K in December – Morgan Stanley

Analysts at Morgan Stanley offer a sneak peek at what to expect from Friday’s US Nonfarm Payrolls release due at 1330 GMT.

Key quotes

“We expect nonfarm payrolls increased by 260k in December with an uptick in participation.”

“The unemployment rate is seen unchanged at 4.2%.”

“We expect average hourly earnings rose 0.3%M, lowering the year-over-year rate to 4.1%.”