January 9, 2025
United States:
US Payrolls Rise Below Forecast 50,000, Unemployment Lower
US employers added fewer jobs than expected in December, suggesting the labor market continued to soften at year-end.
Nonfarm payrolls increased 50,000 last month after downward revisions to the prior two months, according to Bureau of Labor Statistics data out Friday. The unemployment rate edged down to 4.4%, settling back after the record-long government shutdown.
Europe:
German Production Unexpectedly Rises on Higher Auto Output
German industrial production unexpectedly increased for a third month, the latest signal that a recovery might be taking hold in Europe’s biggest economy.
Output rose 0.8% from the previous month in November, compared to an upwardly revised 2% gain in October, Destatis said in a statement.
Asia:
BOJ Is Said Likely to Raise Economic Growth Outlook on Stimulus
The Bank of Japan is likely to raise its economic growth projection when its board meets later this month, while officials are set to keep the benchmark interest rate on hold, according to people familiar with the matter.
The central bank will probably revise up its economic projection from 0.7% for the fiscal year starting in April in its quarterly economic outlook report due to be released with the policy statement on Jan. 23, according to the people.
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