5 January 2001, 16:38  US Dec payrolls +105K

US Dec payrolls +105K, more stable than expected in wake of surprise Fed move. Though private payrolls show weakness at +56K. BLS confirms Fed did get mfg number -62K on Weds ahead of release. Still report should give Fed some breathing room until end of month. Private 4Q avg +84K vs +129K in 3Q. Oct-Nov overall payrolls revised -46K on net. Govt. rebounded as expected at +56K. Construction -13. Retail fairly weak at +8.

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