February’s job gains were likely once more chilled by bad winter weather, and even March’s employment report could be slushy.
Economists expect to see 150,000 nonfarm payrolls added in February, when the government data is released Friday at 8:30 a.m. EST.
They are also watching to see if January’s unemployment rate of 6.6 percent is revised to 6.5 percent, a level the Fed set as a threshold where it could consider raising short-term rates. Fed officials maintain that level is not a trigger, but it will be watched nonetheless since the Fed has not dropped the language.
via CNBC
Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.