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

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