February’s employment report is expected to show strong job and wage growth, and could signal that the economy’s slower growth in the first quarter is just a speed bump rather than a sign of trouble.
The economy was expected to have added 180,000 jobs in February, and unemployment is expected to drop by a tenth to 3.9 percent. That is well below the 304,000 jobs added in January, but economists still expect a solid report. Wage growth is expected to strengthen, rising 0.3 percent, up from January’s 0.1 percent.
“Jobs growth is the single best indicator of how the