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WEEK OF FEBRUARY 4, 2022.pdf

WEEK-OF-FEBRUARY-4-2022.pdf
Preview of WEEK OF FEBRUARY 4, 2022
🔗 Source: smithcapital.com
📊 Size: 524 KB
👤 Author: Jennifer Kusa
⬇️ Downloads: 34

Summary

Friday's jobs report showed a significant miss relative to expectations, with nonfarm payrolls increasing by 467,000 in January, outpacing the 150,000-consensus forecast. The report also revised earlier estimates, adding 709,000 workers to the payrolls for November and December. Despite the Omicron surge, sectors vulnerable to the virus, such as leisure and hospitality, drove job growth, adding 151,000 jobs. The labor force participation rate rose to 62.2%, a post-pandemic high, and average hourly earnings increased by 0.7%, lifting the year-over-year gain to 5.7%. The strong jobs report and elevated wage increases are expected to prompt the Federal Reserve to raise interest rates in March.

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Friday's jobs report showed a significant miss relative to expectations, with nonfarm payrolls increasing by 467,000 in January, outpacing the...

Technical Information

  • File Format: PDF
  • File Size: 524 KB
  • Pages: 4
  • Language: EN
  • Author: Jennifer Kusa
  • Total Downloads: 34
  • Last Updated: 1 month ago

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