The Department of Labor is poised to deliver its January jobs report at 8:30 a.m. ET on Friday, in a print expected to show still-sold payroll growth and a modest acceleration in workers’ wage gains.
Here are the main metrics expected from the report, compared to consensus expectations compiled by Bloomberg:
Change in nonfarm payrolls: +165,000 expected and +145,000 in December
Unemployment rate: 3.5% expected and 3.5% in December
Average hourly earnings month on month: +0.3% expected and +0.1% in December
Average hourly earnings year on year: +3.0% expected and +2.9% in December
Assuming results come in as expected, job gains will have pulled back from January 2019’s surging 312,000 payroll additions. But the anticipated payroll gains for this January would come amid an unemployment rate that