WASHINGTON - The pace of job creation in January, is expected to have slowed down - against the backdrop of the warm weather season, the demand for new workers has decreased. However, the expected recovery of wage growth and a steady unemployment signal a further strengthening of the US labor market.
According to the forecasts of economists in a Reuters survey last month, the number of employees in the private non-agricultural sector of the US increased by 190 000. This is well below the growth of employment by 292 000 in December and 284 000 for the 2015 average.
"Employment growth in the private sector of the US in the last three months exceeded the trend - said Dana Saporta, economist at Credit Suisse in New York. - It is reasonable to expect a slower growth rate in January.Close to the economists forecast data again demonstrate the strengthening of the labor market. "
Against the background of volatility in financial markets, slowing employment growth will cause doubts about the markets raising interest rates the Fed in March. The data will be released today at 08:30 GMT.
Despite the expected slowdown in the growth of new jobs, the unemployment rate is projected to remain unchanged at 5%, which is the minimum for the last seven and a half years. Average hourly earnings are projected to grow by 0.3%. Revenues of consumers on an annualized basis, is expected to fall from 2.5% to 2.3%.
The proportion of the economically active population - the proportion of working-age Americans who are working or looking for work - close to its lowest level in the last four decades.
At the head of the employment growth in January, most likely, the services sector. In 2015, the number of jobs in the mining sector fell by 129,000: the sector has lost about half of the jobs created during the previous five years. This year is expected this trend will continue.