US payroll growth to remain near trend in December – RBC CM

Analysts at RBC Capital Markets are looking for US payroll growth to remain near trend in December, with a 160K gain expected.

Key Quotes

“Jobless claims continue to plumb the depths and job openings remain near cycle highs (especially on a relative to hirings basis). Going forward, the fact that small business hiring plans shot up to a record high post-election bodes well for the employment complex overall.”