The U.S. labor market likely started 2025 steadily, with a projected 169,000 job additions in January, down from December's 256,000 but in line with the recent three-month average. While hiring has slowed, layoffs remain stable, and workers aren't quitting. The unemployment rate is expected to hold at 4.1%. The Bureau of Labor Statistics will also release annual benchmark revisions to both the establishment and household surveys, which are projected to show a record increase in population and household employment.
When the Bureau of Labor Statistics releases its nonfarm payrolls count for January, it is projected to show growth of 169,000, down from 256,000 in December, but nearly in line with the three-month average.
When the Bureau of Labor Statistics releases its nonfarm payrolls count for January, it is projected to show growth of 169,000, down from 256,000 in December, but nearly in line with the past three-month average. The unemployment rate is projected to stay at 4.1%, according to the Dow Jones consensus for the report, which will be out Friday at 8:30 a.m. ET.
However, recent indicators show that while hiring has leveled off, layoffs aren't increasing and workers aren't quitting, though"The economy is still going to roll on, people are going to make investment decisions, they're going to get up each morning and go to work," Brusuelas said.
LABOR MARKET EMPLOYMENT JOBS REVISIONS INFLATION
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