According to Jinshi, the December employment data released today is expected to reflect the current situation more accurately. Analysts surveyed by FactSet expect 153,000 new jobs in December, compared with 227,000 in November and only 36,000 in October.
Brian Bethune, an economist at Boston College, is more optimistic, predicting that non-farm payrolls will increase by 165,000 to 175,000 in December. He pointed out that this number represents the "Goldilocks balance", which is neither hot enough to cause inflation concerns nor cold enough to indicate a recession. If this expectation is met, Fed Chairman Powell may feel relieved.
Note: The "Goldilocks Balance" comes from the fairy tale (Goldilocks and the Three Bears), which means finding an ideal state in economic data that is neither too hot nor too cold.