The government's employment report for December, set to be released on Friday, will indicate just how good the job market was last year. Here's what experts will be looking at.
Amid last year's U.S. economic upheaval, the ultra-tight job market was a rare high point, with low unemployment, strong hiring and rapidly rising wages.
"Announced hiring freezes began to spread in late autumn, but most companies continued to honor signed offers," Glassdoor chief economist Aaron Terrazas said in a blog The Labor Department's monthly employment report is compiled from two separate surveys — one that polls businesses and one for households — and the two have diverged in recent months. In particular, the unemployment rate is calculated from the household survey. The rate recently rose to a still-low 3.7%, but the household survey also showed that the number of Americans with jobs has dropped since early fall.
"Temp help employment has been declining for three straight months, so does it decline or does it grow?" Pollak said. Another indicator is aggregate working hours, which give a hint of whether overall labor intensity is growing or flat.
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