December Payrolls Preview: Beware "Good News Is Bad News"

Zero Hedge -

Zero Hedge—While the government may be closed, the BLS is one of the agencies that managed to secured funding, which is why tomorrow at 8:30am ET the December payrolls report will be released. Consensus expects +180k payrolls with average hourly earnings seen falling to 3.0% from 3.1% while the jobless rate remains unchanged at 3.7%. While the report is unlikely to make a major dent in market sentiment, especially if it disappoints as trader mood on the economy is already quite dismal, it is safe to say...

Good news, bad news on first week of 2019. And the latest good news is a new round of big-time oil price rollback projected this weekend at the earliest. by Marichu A. Villanueva