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US NFP Expected To Show Slowing Growth
Net job creation in the US has been coming down since the middle of last year. Through that time, analysts have consistently underestimated the number of people getting hired each month. Now, the consensus for January is for 185K, lower than the 223K reported in December. Typically, January has weaker jobs performance due to the end of holiday hiring, and corporate account readjustment. Normally, around 200K jobs added is considered a good result. But the US jobs market remains substantially lopsided, and has not balanced out since covid. The labor force participation rate is still well below 2019 levels. This has ... (full story)
