Posted 3/7/2024, 7:26:00 PM
February Jobs Report Expected to Show Hiring Slowdown, Providing Clue on Fed Policy
- February jobs report releasing Friday, expected to show hiring slowed to 200,000 jobs added and unemployment holding at 3.7%
- Would mark decrease from 353,000 jobs gained in January 2023
- Fed watching for signs of labor market softening as it tries to tame inflation
- Average hourly earnings growth expected to be 0.3% for February and 4.4% from a year ago
- Separate report showed planned job cuts by U.S. employers increased 9% year-over-year in February
