December Jobs report
The US created just 74,000 jobs in December, according to data released today by the BLS. Economists predicted job growth of 190,000 in December. Today's data showed the weakest monthly job growth in three years. Follow this space for live reaction, analysis, and commentary on this closely-watched report.
What to expect from today's jobs report
Economists polled by Reuters expect today's report to show the US created 196,000 jobs in December, after an increase of 203,000 in November.
Matt Phillips has a chart-heavy preview here. Though jobless claims have been volatile, consumer sentiment on the job market is improving, manufacturing data has been positive lately, and cities and states aren't shedding jobs as quickly as they have in recent years.
Matthew Boesler notes that two of the more bullish Wall Street analysts are predicting 250,000 jobs for today's report.
WASHINGTON The Pentagon on Wednesday disinvited China from a major U.S.-hosted naval drill in response to what it sees as Beijing's militarization of islands in the South China Sea, a decision China called unconstructive.