US private nonfarm payrolls in January are projected to increase by 210,000 (seasonally adjusted) in tomorrow’s Labor Dept. report over the previous month, based on The Capital Spectator’s average point forecast for several econometric estimates. The prediction represents a substantially lower but still healthy gain relative to the previous monthly increase.
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Financial stress in the US has been creeping up this year, based on four benchmarks published by Federal Reserve banks. One of the indexes is now signaling a “moderate” stress level for the US, although the other three metrics have yet to confirm the change. As such, the composite reading for all the indexes still reflects stress that’s average to below average. The key question is whether the gently rising trend for all the benchmarks of late will roll on in the weeks ahead?
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● ADP private-sector report suggests solid jobs growth for US in Jan | MarketWatch
● ISM: US services sector expands at slowest pace in 2 years | Bloomberg
● PMI: US services sector growth eases to 27-mo low | Markit
● US Job Creation Index dips just below record high in Jan | Gallup
● Blizzard may be behind 2.6% drop in mortgage apps | CNBC
● Global Composite PMI growth at 13-month low in January | Markit
● Toxic Loans Around the World Weigh on Global Growth | NY Times
● Florida declares public health emergency for Zika in 4 counties | CBS