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.
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