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Tuesday, February 01, 2022

White House Warns Latest Jobs Data Will Be Ugly Due to Omicron (As Atlanta Fed GDPNow Forecast Falls To 0.1%)

https://confoundedinterest.net/2022/02/01/white-house-warns-latest-jobs-data-will-be-ugly-due-to-omicron-as-atlanta-fed-gdpnow-forecast-falls-to-0-1/ 

Economists expect nonfarm payrolls to rise by 150,000 for January — the weakest reading since the end of 2020. The U.S. unemployment rate is seen remaining unchanged, at 3.9%, according to the median estimate of forecasts compiled by Bloomberg.

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