Major Investment Banks Forecast Non-Farm Payrolls in the 120K-200K Range

According to leading investment banks, the forecast range for December’s non-agricultural employment is 120,000 to 200,000, with the majority of estimates clustered between 140,000 and 185,000. The market consensus stands at 160,000.Unemployment Rate ProjectionsMarket expectations for the unemployment rate are distributed as follows:4.2%: 65% probability (market consensus).4.3%: 30% probability.4.1%: 3% probability.4.4%: 2% probability.Market ImpactThe market reaction could be significant if the data falls outside the expected ranges, particularly in less-probable scenarios. Investors are closely monitoring these figures, as they will play a critical role in shaping Federal Reserve policy and market sentiment.