January US jobs report may provide clarity amid disruptions

Posted at 6:24 AM, Feb 07, 2020
and last updated 2020-02-07 06:24:20-05

WASHINGTON (AP) — With China's viral outbreak disrupting trade and Boeing's troubles weighing on American factories, the January U.S. jobs report may provide timely evidence of the U.S. economy's enduring health.

Economists estimate that employers added 161,000 jobs last month and that the unemployment rate remained at a 50-year low of 3.5%.

That pace of hiring would be weaker than the monthly average of the past two years yet still more than enough to reduce unemployment over time.

The jobs report will come in the same week that President Donald Trump trumpeted his economic record in his State of the Union address, a preview of one of his central campaign themes.