On Friday morning at 8:30 a.m. ET, the Bureau of Labor Statistics will release the first jobs report of 2016.
Notably, this will be the first jobs report since the Federal Reserve decided to raise interest rates off zero in mid-December.
Via Bloomberg, here’s what economists expect for the release:
- Nonfarm payrolls: +200,000
- Unemployment rate: 5%
- Average hourly earnings month-on-month: +0.2%
- Average hourly earnings year-on-year: 2.8%
- Average weekly hours worked: 34.5
Affirmation for the Fed
In its monumental decision to lift interest rates in December, Janet Yellen cited the strength of the labor market as one of the most significant factors playing into that decision.
Now with rates finally read more >>>
Source : BusinessInsider.Com