January jobs report expected to show hiring slowed, unemployment rate held steady to start 2025
Published On Feb 6, 2025, 2:22 PM
The January jobs report is anticipated to reveal slower hiring rates with non-farm payrolls expected to increase by about 170,000, compared to 256,000 in December. The unemployment rate is projected to hold steady at 4.1%. Recent data indicates a gradual cooling of the labor market, but employment conditions remain stable overall. Economists suggest that these developments are unlikely to significantly alter the Federal Reserve's monetary policy stance going forward.
Stock Forecasts
SPY
Neutral
With the jobs report indicating slower job growth and stable unemployment, the market may react cautiously. If results align closely with expectations, it may further steady investor sentiment regarding interest rates.
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