OTCQX:AVLIF - Post by User
Post by
surveyor2582on Feb 02, 2018 7:45am
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Post# 27486972
Thi Will Boost The Markets
Thi Will Boost The Markets Jobs report expected to reveal hiring bump
|By:
Sarina Penn, SA News Editor
A rise of 180,000 jobs is anticipated for January, per a Thomson Reuters survey of economists, when the Bureau of Labor Statistics reports the numbers at 8:30 a.m. EST Friday.
The figure would represent a jump from last month's 148,000 nonfarm payrolls growth, which widely missed expectations.
Economists also expect average hourly wages to lift 0.3% for January, partially reflecting minimum wage increases across 18 states.
If wage growth is higher than anticipated, the number could heighten inflation worries and, with it, expectations that the Federal Reserve will raise interest rates more than surmised this year, reports CNBC.
Earlier this week ADP reported a rise of 234,000 private-sector jobs for the month, although the firm's data has been volatile recently and diverged dramatically from last month's BLS numbers.