The outlook for the job market couldn’t be murkier. Snowstorms, big annual revisions and the end of benefits for the long-term unemployed could give a distorted picture of the job market when January’s labor report comes out Friday.
Economists surveyed by CNNMoney are predicting 178,000 jobs were created last month. That would be a big improvement from December’s shockingly low 74,000 jobs.
Meanwhile, they predict the unemployment rate will remain at 6.7%. But wild cards like bad weather, yearly revisions and the end of federal jobless benefits, have economists on edge about their predictions.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.