Citi: Non-farm payrolls will show that the US labor market continues to weaken

Citigroup economist Andrew Hollenhorst expects only 120,000 new non-farm jobs to be created in December, with an unemployment rate of 4.4%. This will remind the market that the labor market has not yet stabilized and continues to weaken. However, she believes companies will continue to increase headcount, even at a gradual pace, once some of the current instability subsides. The overall picture will remain flat and there will be no drastic changes. (Jin Ten)