Citi: Expecting non-farm payrolls to increase by 75,000 in December, with the unemployment rate rising to 4.7%

GateUser-6433627c · 2025-12-31T15:50:01+00:00

Citigroup economists are cautious about the decline in unemployment benefit claims before and after the holidays, believing that seasonal adjustment issues are more severe than in the past, and reliable data may not appear until late January. Non-farm payrolls are expected to increase by 75,000 in December, but the unemployment rate may rise to 4.7%.

GateUser-6433627c

2025-12-31 15:50:01

Abstract generation in progress

December 31, 2023, Citigroup economists said that caution should be exercised regarding the decline in unemployment benefit claims before and after the holiday period. During the week of Christmas, the number of people applying for unemployment benefits dropped from 215,000 to 199,000, while analysts predicted 220,000. Citigroup stated, “The seasonal adjustment issues for this holiday week’s data seem to be much more severe than in previous years, and more reliable initial jobless claims signals may not appear until later in January.” However, the data shows that layoffs remain at low levels, and Citigroup expects non-farm payroll employment to increase by 75,000 in December, with the data to be released next week. Citigroup also noted, “But we still expect the unemployment rate to rise to 4.7%, partly due to the labor force participation rate increasing again.” (Crypto Times)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.