U.S. seen adding 200,000 new jobs in December — still too much for the Fed
The U.S. jobs market is cooling off, but it’s still quite strong. Too strong, in fact, for the Federal Reserve. The central bank wants to see hiring slow even further to help prevent persistently high inflation.
The number of new jobs created in December is forecast to slow to 200,000 from 263,000 in the prior month, according to an updated poll of economists by The Wall Street Journal. If so, it would be the smallest increase in two years.
Wall Street has been predicting a sharp slowdown in hiring since the summer, however, and it hasn’t happened as quickly as predicted.
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