NFP Preview: Forecasts from 10 major banks, new year, same old labor market
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The US Bureau of Labor Statistics (BLS) will release the January jobs report on Friday, February 2 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming employment data.
Expectations are for a 180,000 rise in Nonfarm Payrolls following the stronger-than-expected 216,000 increase recorded in December. Unemployment is expected to rise a tick to 3.8%, while average hourly earnings are expected to remain steady at 4.1% year-on-year.
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