US Job Growth Seen Continuing in December but Moderating as Inflation Cools
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US December jobs report on Friday expected to show healthy hiring continued, though at a moderating pace (payrolls forecast up 170,000)
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Wage growth seen slowing (forecast at 3.9% annual increase vs over 5% earlier in 2022)
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Data signals economic growth continuing but at slower pace amid cooling inflation
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Aligns with Fed's latest projections showing interest rates hikes ending as inflation eases
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Jobs growth concentrated in healthcare and government sectors; most industries seeing flat or negative growth