Statistical Notes Wednesday January 11
-U.S. employment growth continued in December, with employment according to the payroll survey being up by 200,000 and according to the household survey up by 176,000. Compared to a year earlier, the payroll survey indicated a 1.3% gain and the household survey a 1.1% gain.
Meanwhile, average hourly earnings rose by 0.2% and average weekly earnings by 0.5% in nominal terms. In real terms at least weekly earnings probably also rose compared to the previous month, though they likely dropped compared to a year earlier.
-Following two monthly declines, employment in Canada increased by 18,000 (0.1%) compared to the previous month and by 1.2% compared to a year earlier.
-German exports rose in November (up 2.5% on the month, 8.3% on the year), but both industrial production and factory orders fell compared to the previous month, though they were still up somewhat compared to a year earlier.
-Exports in Estonia increased by 24% while imports increased by 22%. In Latvia exports increased by 22% while imports increased 17%.
-Both factory orders and industrial production fell in November in Sweden compared to the pervious month, though industrial production was still up compared to a year earlier.
-Employment growth in South Korea in December was 1.9%, causing the unemployment rate to drop to 3.1% even as the labor force participation rate dropped.
-Employment growth in Israel slowed to 1.7%, while real wage growth increased to 2.4%