February Jobs Report: What to Expect
Economists expect the latest data will show U.S. employers engaged in a healthy pace of employment last month, though ongoing federal workforce reductions and an uptick in corporate layoffs could signal more sluggish growth ahead.
The Bureau of Labor Statistics is set to release the latest employment data on Friday at 8:30 a.m. Eastern. Economists surveyed by FactSet expect that employers added 159,000 jobs to U.S. payrolls last month, up from the 143,000 positions added in January.
The U.S. unemployment rate is expected to remain steady at 4%, the same rate logged in January. The forecast, if proven correct, will likely keep the Federal Reserve on pause for the upcoming March policy meeting, but leaves the door open for policymakers to cut rates at a later meeting this year.
Related
Allegheny County unveils hiring portal for federal workers who lost…
Amid federal firings, Allegheny County off
Nasdaq enters correction, Feb. jobs report: Market Takeaways
Thursday marked another bloody day for the stock market (^DJI, ^IXIC, ^GSPC) as all three of the major market averages sank lower, the Nasdaq Composite most
Hewlett Packard Enterprise to cut 5% of workforce in cost-saving…
(Reuters) -Hewlett Packard Enterprise said on Thursday it would lay off 5% of its workforce, or over 2,500 employees globally, as part of a cost-saving prog
February jobs report is expected to show hiring uptick, unemployment…
The February jobs report is expected to show hiring picked up in February, while the unemployment rate held steady. This comes at a crucial moment for markets
