U.S. job growth likely slowed; minimal hit seen from government shutdown
February 01, 2019 / Lucia Mutikani
U.S. job growth likely slowed in January after December’s weather-related outsized surge, but the pace of hiring probably remains fast enough to support the economy amid a darkening outlook resulting from government policy and cooling global economies. The Labor Department will publish its closely watched monthly employment report on Friday, two days after the Federal Reserve signaled its three-year interest rate hike campaign might be ending because of rising headwinds to the economy. It also comes at the end of the first week back at work for hundreds of thousands of federal workers furloughed during the recent partial government shutdown. The 35-day shutdown, which ended a week ago, may complicate the report but is not expected to have a lasting effect on U.S. employment or the economy.