Economists Project Slower Job Growth in February
Economists surveyed by Dow Jones anticipate a slowdown in job creation for February, with payroll growth projected at 50,000.
The U.S. labor market is expected to show a moderation in job growth for February, with economists surveyed by Dow Jones projecting an increase of 50,000 nonfarm payrolls. This figure follows a stronger-than-anticipated gain of 130,000 jobs in January. The Bureau of Labor Statistics is scheduled to release the February jobs report on Friday.
Key Takeaways
- Economists forecast 50,000 new nonfarm payroll jobs for February.
- This represents a decrease from January's payroll increase of 130,000.
- The official February jobs report will be released by the Bureau of Labor Statistics on Friday.
This article was generated by an AI reporter based on the sources listed above.