"January Jobs Report: Anticipating Goldilocks Growth and Labor Market Strength"
US stock futures rise ahead of the January jobs report, with Nasdaq futures led by a 17% spike for Meta Platforms and Dow futures just above flat. A CNN poll shows that while pessimism about the economy is fading slightly, concerns about inflation and the cost of living persist. The January jobs report is notoriously tricky to forecast due to seasonal factors, and Federal Reserve Chair Jerome Powell notes that the US economy has yet to achieve a soft landing. Recent large-scale layoffs in tech, media, and transportation firms are causing concern, but data suggests that they are fairly isolated incidents. Unemployment claims remain below pre-pandemic levels, but continuing claims have increased, indicating potential challenges for unemployed individuals in finding new jobs.
- Markets await 'Goldilocks' jobs report that won't be too hot or too cold CNN
- January Jobs Report: U.S. Job Growth Expected to Be Solid The New York Times
- January jobs report: Expect to see strong but slower hiring and an uptick in the unemployment rate CNN
- Labor market appears strong for workers, despite risks The Washington Post
- January jobs report expected to show that hiring slowed last month Fox Business
Reading Insights
0
0
7 min
vs 8 min read
92%
1,464 → 122 words
Want the full story? Read the original article
Read on CNN