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U.S. job growth seen accelerating in December; record job creation anticipated for 2021

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Reuters

By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment growth likely picked up in December, culminating in record job creation in 2021, but the labor market could temporarily lose its luster as raging COVID-19 infections cause disruptions at businesses and schools. The Labor Department’s closely watched employment report on Friday is also expected to show the jobs market rapidly tightening, with the unemployment rate seen falling to a 22-month low of 4.1% from 4.2% in November. It will sketch a picture of an economy that closed 2021 on a high note, even if the public health picture is not as…

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