January Employment Preview

On Friday at 8:30 AM ET, the BLS will release the employment report for January. The consensus, according to Bloomberg , is for an increase of 175,000 non-farm payroll jobs in January (with a range of estimates between 155,000 to 195,000), and for the unemployment rate to be unchanged at 4.7%. The BLS reported 156,000 jobs added in December. Important note: Friday morning the BLS will also release the annual revision to "reflect the annual benchmark adjustment for March 2016 and updated seasonal adjustment factors." The preliminary estimate of the benchmark revision was for a decrease of......(read more)

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