Economist: Non-Farm Payrolls Addition of 165k to 175k Represents "Goldilocks Balance"

BlockBeats News, January 10th. Over the past few months, it has not been easy to get a clear picture of the U.S. job market. Hurricanes and a massive strike at Boeing caused significant fluctuations in the October and November nonfarm payroll data. It is expected that today's release of December employment data will more accurately reflect the current situation. Analysts surveyed by FactSet expect a 153,000 increase in the U.S. December job population, compared to 227,000 in November and only 36,000 in October. Boston College economist Brian Bethune is more optimistic about this. He expects a nonfarm payroll addition of 165,000 to 175,000 in December. He said, "Fed Chair Powell will see this number as a 'Goldilocks' balance, neither hot enough to raise concerns about inflation nor cold enough to suggest an economic downturn. If we get a number within this range, Powell will be very reassured." (Jin10)