Negative revisions expected in January jobs report as economic hopes persist
NBCJAN 28
US Adds 143K Jobs in January
Above: Maplewood, Minnesota. Metro Transit hiring drivers with the possibility to make $30.00 an hour. Image copyright: Michael Siluk/UCG/Universal Images Group via Getty Images
The Spin
Narrative B
The slowdown in job growth raises concerns about an economic downturn. New jobs are mainly in lower-paying, less stable sectors like government, health care, and retail, which could hinder sustained growth. A decline in the average workweek also signals potential weaknesses in the labor market. This report was fairly pessimistic.