CIBC Research discusses the reaction to today's US jobs report for the month of December.

"Job creation in the US ended the year with a little less oomph than markets had been expectation, but today's report won't do much to alter tracking forecasts for the economy. Payrolls added 148k jobs in December….

Overall, the report wasn't a game changer, but is slightly disappointing versus the consensus expectations. As a result, the numbers were positive for fixed income and negative for the US dollar," CIBC argues.

Source: CIBC Economics – CIBC Capital MarketsOriginal Article