Economic growth is rebounding after the temporary weakness in the third quarter. Rising export prices are providing a huge boost to the economy, which is fueling profits and prompting companies to hire.
Following the accident, there's downside risks to exports in January, so the trade deficit may be wider than we expect.
This will show the labor market remains in good shape, despite several months of disappointing figures. The surge in mining exports from the favorable global environment is flowing through the economy.