Friday Jobs Report May Show Signs of Cooling Labor Market
• December jobs report on Friday may show cooling labor market trends amid higher rates and inflation • Forecast is for 170,000 jobs added in December and unemployment rate edging up to 3.8% • Report will give clues if labor market is softening as Fed wants to ensure inflation continues easing • Slower job growth and moderation in wage gains could signal welcome sign for Fed • Job openings dropped in November, pointing to cooling job market even as it remains historically tight