February Jobs Report to Show Hiring Uptick, Unemployment Rate Holding Steady
The February jobs report is expected to show hiring picking up in February, while the unemployment rate held steady at 4%, according to consensus estimates compiled by Bloomberg. This comes at a crucial moment for markets as stocks have recently been floundering amid fears about economic growth weakening in the US. Economists expect nonfarm payrolls to have risen by 160,000 in February, which would be an increase from January's 143,000 jobs added.
- A strong jobs report could lead to increased investor confidence and a potential market rebound, but it may not be enough to overcome the recent decline in economic data.
- Will this jobs report provide a catalyst for the Federal Reserve to reassess its interest rate policies, or will it be seen as too little, too late?