Friday, the U.S. Department of Labor plans to release unemployment data. You can be sure Wall Street will be watching.
The Associated Press says:
On
average, economists are forecasting a slight increase in payrolls, but
many believe they will decline for a second straight month. Last month,
the Labor Department revealed that there was a net jobs loss in January
— the first in almost four years.
It’s
possible the government may revise January’s data after finding out
through further research that jobs actually rose in that month. Several
months ago, the Labor Department reported a net jobs loss for August,
only to revise it up a month later.
Additional resources:
January data
See a 10-year chart (Or, you can customize the chart to the timespan you wish.)
More from the U.S. Bureau of Labor Statistics:
