Posted 2/2/2024, 7:00:00 AM
Jobs Report Friday May Show Slower Hiring and Rising Unemployment But Easing Inflation
- January jobs report due Friday, expected to show hiring slowed to 180,000 jobs added last month
- Unemployment rate forecasted to inch higher to 3.8%
- Report will give clues about labor market health amid higher rates and inflation
- Slower job growth could signal welcome sign for Fed that tightening campaign is working
- Average hourly earnings, a key inflation gauge, expected to rise 0.3% month-over-month and 3.8% year-over-year