As 2024 begins, economic data this week will still reflect the last weeks of 2023 with a bevy of reports on the state of the labor market.
Topping the list will be Friday’s employment report from the Labor Department that is expected to show around 170,000 jobs were created. That would be down from November’s 199,000 but in line with predictions for a cooling job market in 2024. The unemployment rate could also tick up from its current 3.7% level.
Wednesday brings a report on job openings for November, and forecasts are for a number close to 8.9 million – an increase from the 8.7 million of October but still in line with a slow return to balance between supply and demand.
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