U.S. job growth likely slowed to a still-solid pace in February, with the unemployment rate expected to hold at a more than five- decade low, which could see the Federal Reserve raising interest rates for longer and to a higher level to tame inflation.
The Labor Department’s closely watched employment report on Friday is also expected to show wage gains maintaining their upward trend, underscoring a persistently tight jobs market. The anticipated slowdown in job gains follows January’s torrid pace, which led financial markets to expect that the Fed would sustain its monetary policy tightening campaign into summer.
Source : Analysts anticipate moderate US job growth in February, remaining sturdy