The first NFP report for the year will be on Friday (6 January). The data will be for December, so its officially the final report for 2016 I guess.

Whatevs!

OK, so December Nonfarm payroll

  • Due at 1330GMT on 6 January 2017
  • Consensus expected is 178k (this may change as we get closer to the day and more estimates come in, but for now the expected is pretty much the same as for the November report)
  • Prior was 178K
  • Unemployment is expected at 4.7% (prior 4.6%)
  • Average hourly Earnings expected at +0.3% m/m (prior -0.1% in November, which was a disappointment)

Something to be aware of for the December report; out of the past 10 years the December result has been lower than November for 7 of those years (and above for 3).

Statistically significant? Nup. Just something to be aware of (and probably lecture your friends down the pub about ... I have plenty of other super-boring pub chat if you need more).

Also, watch the unemployment rate - the 'under employment' rate ticked a bit lower in November, to its lowest since early 2008. A good sign.

There will be more on the NFP to come this week.

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Also, as a bonus, we get the first public speech from a Federal Reserve member on Friday too. Due at 1715GMT, Chicago Fed Head Charles Evans will speak on the economy and policy.

As a bonus bonus, Richmond Fed Head Jeffrey Lacker will be speaking at 1800GMT the same day.