Economists expect that US employers added 60,000 jobs last month, which would be a sharp cooldown from January’s estimated 130,000 jobs added. January’s stronger-than-expected total was likely buoyed by some one-time factors (notably, weaker holiday hiring that meant fewer post-holiday layoffs, and unseasonably warm weather in the early part of the month that boosted industries like construction).
. . .
First, on the payroll side, the month’s estimated job gains are expected to be distorted due to the roughly 31,000 health care workers on strike during the week that businesses were surveyed for the report. The strike ended on February 23, so the “loss” of jobs will be reversed and reflected as a “gain” in March’s jobs report.
. . .
Third, February’s report will include some annual revisions that were postponed due to the historic government shutdown this past fall
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Wow on the last paragraph. Remember that the downward revisions announced in the January report (and data series modified accordingly) totaled about 1 million. And we're going to see some more? 2025 was revised downward from 584k to 181k. There isn't much left in 2025 to be revised downward without going underwater for the year.
January report --
LBN Thread:
https://www.democraticunderground.com/10143614651
The before and after the big jobs revisions, month by month:
https://www.democraticunderground.com/?com=view_post&forum=1014&pid=3615236
= new reply since forum marked as read