Tomorrow’s jobs report should be fascinating for a couple of reasons.
First, it will be the first employment update for 2023.
Second, will it match what the ADP reported, which was just 106,000 new jobs in the private sector?
Third, how will the market react if it is a dreadful report?
Here is what the market is anticipating for the January non-farm payroll (NFP) report:
- 185,000 new jobs
- 3.6 percent unemployment rate
- 4.3 percent year-over-year average hourly earnings
- 34.3 average weekly hours
- 6,000 new manufacturing jobs
Like this article? Get ECN delivered to your inbox daily. Subscribe here.
Leave a Comment