The creation of new U.S. jobs likely slowed in January for the sixth month in a row, but a historically tight labor market has shown lots of resilience
Here’s what to watch in the January employment report on Friday morning, including a potential wild card.Here’s what to watch in the January employment report on Friday morning, including a potential wild card.
Anything more than that is seen as contributing to upward pressure on wages as businesses compete for labor. The Fed worries that persistently strong wage gains could make it harder to get high U.S. inflation under control. That might not be the case for 2022. It’s possible the updated data could show hiring was slower toward the end of year than previously believed.
The Fed previously predicted the jobless rate would rise to 4.6% by next year, and many private economists think it could go higher.
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