January jobs report: Expect to see strong but slower hiring and an uptick in the unemployment rate
Headline from KTVZ Bend
By Alicia Wallace, CNN New York (CNN) — The first jobs report for 2024, set to be released at 8:30 am ET Friday, is expected to underscore the strength of the US economy despite 11 rate hikes from the Federal Reserve. The labor market snapshot comes just days after Fed Chair Jerome Powell said he’s
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Markets are keeping a close eye on the January jobs report, which is expected to show the US economy added 176,500 jobs last month and the unemployment rate ticked higher to 3.8% from 3.7%.
By Alicia Wallace, CNN New York (CNN) — The first jobs report for 2024, set to be released at 8:30 am ET Friday, is expected to underscore the strength of the US economy despite 11 rate hikes from the Federal Reserve. The labor market snapshot comes just days after Fed Chair Jerome Powell said he’s
The US labor market smashed expectations last month in a surprise hiring pick-up, government data showed Friday, with a resilient jobs market likely good news for President Joe Biden in election year.
The January jobs report, due Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.
Catching Wall Street, analysts and economists by surprise, the latest jobs report showed that instead of cooling much, the labor market remains strong.
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January jobs report: Expect to see strong but slower hiring and an uptick in the unemployment rate | Since Then
