The final jobs report of 2016 is up on today here is what to expect:
onfarm payrolls: +170,000 (+178,000 prior)
Unemployment rate: 4.7% (4.6% prior)
Average hourly earnings month-on-month: +0.3%
Average hourly earnings year-on-year: +2.8%
Average weekly hours worked: 34.4
Change in manufacturing payrolls: 0
The change in employment growth would reflect another slowdown in the trend, but extend the longest streak of job creation since the Bureau of Labor Statistics started reporting employment figures. This record was one of the first things Obama touted in an exit memo to Americans published Thursday.
But as joblessness fell, the rate of job growth turned out slower than under two former presidents who also oversaw periods of economic expansion: Bill Clinton and Ronald Reagan.
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