Published on 10 Jan 2022 on Zacks via Yahoo Finance
4 Sector ETFs to Play Despite Soft December Jobs Data
The U.S. economy added 199,000 jobs in December 2021, well below market forecasts of 400,000. Non-farm employment has increased by 18.8 million since April 2020 but is still down by 2.3% from its pre-pandemic level in February 2020.
In December, average hourly earnings for all employees on private nonfarm payrolls increased by 19 cents to $31.31. Over the past 12 months, average hourly earnings have increased 4.7%. In December, average hourly earnings of private-sector production and nonsupervisory employees increased by 18 cents to $26.61.
Below, we have highlighted some of the sectors that will likely see smooth trading in the days ahead in light of the December jobs data.