🔴US Expected to Add 170,000 Jobs in February, But Job Outlook Worsens
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⚫February Jobs Forecast: Nonfarm payrolls report projects 170,000 jobs added, up from 143,000 in January, while unemployment remains at 4%.
⚫Mixed Signals: While official data shows the labor market remains strong, surveys show many workers are worried about their jobs and less willing to look for new opportunities, while job seekers are having a tough time.
⚫Layoffs Rising: Staffing firm Challenger, Gray & Christmas reports that businesses are announcing the highest level of layoffs since July 2020, with 62,000 jobs tied to the Trump administration's federal workforce cuts.
⚫Consumer Confidence Falls: A report from the Conference Board and the University of Michigan showed consumer confidence is falling sharply amid fears about growth and the labor market.
⚫Impact of Government Layoffs: Some economists warn that government layoffs could spread and affect as many as 500,000 jobs, undermining confidence in the economy.
⚫Wage Growth: Average wages are expected to rise 0.3% month-over-month and 4.2% year-over-year, up from 4.1% in January.
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⚫February Jobs Forecast: Nonfarm payrolls report projects 170,000 jobs added, up from 143,000 in January, while unemployment remains at 4%.
⚫Mixed Signals: While official data shows the labor market remains strong, surveys show many workers are worried about their jobs and less willing to look for new opportunities, while job seekers are having a tough time.
⚫Layoffs Rising: Staffing firm Challenger, Gray & Christmas reports that businesses are announcing the highest level of layoffs since July 2020, with 62,000 jobs tied to the Trump administration's federal workforce cuts.
⚫Consumer Confidence Falls: A report from the Conference Board and the University of Michigan showed consumer confidence is falling sharply amid fears about growth and the labor market.
⚫Impact of Government Layoffs: Some economists warn that government layoffs could spread and affect as many as 500,000 jobs, undermining confidence in the economy.
⚫Wage Growth: Average wages are expected to rise 0.3% month-over-month and 4.2% year-over-year, up from 4.1% in January.
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⚫February Jobs Forecast: Nonfarm payrolls report projects 170,000 jobs added, up from 143,000 in January, while unemployment remains at 4%.⚫Mixed Signals: While official data shows the labor market remains strong, surveys show many workers are worried about their jobs and less willing to look for new opportunities, while job seekers are having a tough time.
⚫Layoffs Rising: Staffing firm Challenger, Gray & Christmas reports that businesses are announcing the highest level of layoffs since July 2020, with 62,000 jobs tied to the Trump administration's federal workforce cuts.
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PREMIUM CHANNEL ✉️
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.