US: Jobs growth looks set to edge back towards the underlying trend - ING

Analysts at ING suggest that following September’s hurricanes, it has been hard to draw many sensible conclusions from the past few US jobs reports, but next week, they think it should be more or less business as usual.

Key Quotes

“Jobs growth looks set to edge back towards the underlying trend (170k, give or take), but the Fed will be watching more closely for any signs of stronger wage growth. We expect a slight tick-up in month-on-month growth, although this is partly down to a quirk related to the number of workdays in December.”

“In Poland, we expect CPI to decelerate from 2.5% YoY to 2%, driven mainly by lower food and fuel prices. December also looks to have been a lower month for inflation in Turkey.”