SFY - December Employment Update: Growth Outlook Under Watch; S&P Fairly Valued
Economic Composite
I updated my economic composite to reflect the release of the U.S. Labor Department's employment report on January 10. The report showed a rise in nonfarm employment of 145,000 in December. The number was a little light of the consensus estimate of 160,000.
Temp employment in December rose a decent 6,000 from the previous month. On an annual basis, temps fell half a percent.
This marked the second consecutive month of solid improvement in the monthly change in temps (up 4,000 in November). For all of 2019, the average monthly change was a