Seasonal adjustments are an important component of the December non-farm report, as all short-term jobs in the holiday retail and delivery industry are accounted for. According to the Bank of Montreal's perspective: this indicates that there is a downside risk to the 4.2% unemployment rate. However, it is important to note that the unemployment rate for November, if not rounded, was 4.2457%, so there is room for it to decrease to 4.1%. Additionally, it is necessary to closely monitor the labor force participation rate in the non-farm report. Wage growth is also a point of interest.
季节性趋势对12月非农就业人数有何影响?
What impact do seasonal trends have on non-farm employment numbers in December?
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