In world economy this week: From China's Covid numbers to US job data

The govt's official PMI on Saturday showed that China's abrupt reversal of its Covid Zero policy pushed economic activity - its service sector in particular - to the slowest pace since February 2022

The latest US employment report is anticipated to highlight the resilience of the nation’s labor market through 2022, despite the most aggressive pace of monetary tightening in decades.

Payrolls are projected to have risen by about 200,000 in December, according to government data to be released Friday. While that would mark a deceleration from the prior month, that pace of job growth still points to solid hiring and an overall robust labor market. 

The persistent mismatch between labor demand and supply — something that will likely be evident in the latest job openings data on Wednesday