WASHINGTON — U.S. private-sector employers stepped up hiring in December, suggesting some momentum in the economy as the year ended, even as a budget crisis loomed.
While other data on Thursday showed an increase in the number of Americans filing new claims for unemployment benefits, the trend remained consistent with steady job growth.
“The underlying economy has momentum, and the employment data confirms that. The hope and prayer of the market is that our political leaders don’t screw it up,” said John Brady, managing director at R.J. O’Brien & Associates in Chicago.
WASHINGTON — The number of Americans filing new claims for unemployment benefits fell more than expected last week, which could ease fears of a marked deterioration in labour market conditions after a surprise stumble in job growth in March.
Andrew Wilkinson submits: U.S. treasury futures remain buoyant and close to the highest traded prices this week after a disappointing reading for retail sales data during the final month of 2009. Heading into the report bond yields remained pressured to the downside after the Fed’s Beige Book yesterday reported creeping recovery across a further two regions bringing ongoing expansion to 10 of the 12 Fed regions.
Bill Luby submits: Friday’s data dump of nonfarm payrolls, the ISM non-manufacturing survey and factory orders capped a big week for economic data and since there is an unusually long stretch until the next data points are released (Thursday’s jobless claims), this seems like a good time to update my ongoing chart of economic data relative to expectations.
(To be updated on Thursday with the release of official BLS data.)
Today, the Wisconsin DWD took the unusual -- one might say unprecedented   -- step of announcing their estimates of what they call “actual job numbers” (see press release
ByStats Trader:Happy New Year, everybody! Thursday's economic announcements with a published market consensus on Briefing.com include the following: 8:15 AM ADP Employment Change - market expects 140K 8:30 AM Initial Claims - market expects 365K 8:30 AM Continuing Claims - market expects 3,200K