HERE COMES THE JOBS REPORT...
Economists predict 180,000 workers were hired to nonfarm payrolls last month. The unemployment rate is expected to remain unchanged at 6.7%.
There are a lot of moving parts to this report. The biggest question is how weather effects - which appeared to depress the December numbers - will manifest in the January report. Also under consideration is the effect the expiration of emergency unemployment compensation benefits at the turn of the new year had on the composition of the labor force in January. Finally, the BLS will be releasing annual benchmark revisions alongside the January data, which could further alter the picture. Click here for a complete preview »
"The jobs data will be the tone-setting event for the next several weeks with perhaps Yellen the only meaningful nuance to shift expectations that arise on Friday morning," says Ian Lyngen, a senior government bond strategist at CRT Capital.
We will have the full release LIVE at 8:30 AM ET. Click here to refresh for the latest updates »