The U.S. employment growth may advance at a moderate pace, this would suggest that the economic incentives are strong enough to withstand the blow from higher taxes and deep government spending cuts.
Employers expect their employment increased by 160,000 jobs last month, a slight increase from the number of 157,000 in January, according to a Reuters survey of economists.
While this will be sufficient to hold the unemployment rate steady at 7.9%, which would be another sign of the basic health of the economy, which has driven the Dow Jones Industrial Average (DJI) to record highs.
"Even if it does not mean accelerated growth momentum, suggesting that the economy can absorb the fiscal austerity," said Millan Mulraine, senior economist at TD Securities in New York.
Up 2% payroll tax cut and tax rate for wealthy Americans in January 1. In addition, $ 85 billion dollars in federal budget cuts, you can cut the 0.6 percent economic growth this year to start on March 1.
The U.S. Labor Department will release the February employment report last Friday morning, 8:30 (1330 GMT)
Expected pace in February will be lower than the 177,000 average monthly for six months to January, there are signs that the labor market tone is to improve.
First time jobless claims fell significantly in February, and Wednesday's report showed that private employers hired more workers than expected current month, leading some economists exciting, unexpected rise on Friday .
East Coast blizzard buried in the report of the survey week also allows some workers to work in line in February, temporarily depressed at home.
"We are moving in the right direction, but it's just frustratingly slow, an assistant at William and Mary in Williamsburg, Virginia College economics professor Peter McHenry said. "We want to be big, strong employment growth, there are still too many people unemployed."
Approximately 227,000 Americans have lost their jobs or are underemployed.
FED still in the works
Employment of about 250,000 jobs per month, far below economists say, the need to significantly reduce the unemployment rate over time continued, the report of the United States Federal Reserve ammunition to maintain its loose monetary policy.
U.S. central bank to buy a monthly 85 billion dollar bond, and said that, until it sees a message, congressional testimony, Federal Reserve Chairman Ben Bernanke (Ben Bernanke) drove home last week significantly improve labor market prospects it will keep the asset purchase.
Since the end of the 2007-09 recession, the economy has been in the efforts, higher than the 2% annual rate of growth. In the fourth quarter, output barely expanding.
Details of the report in February, is expected to show broad-based gains, and construction may star. Department expects an increase of at least 25,000 jobs last month. In January of this year, construction employment increased by 28,000, for the fourth consecutive month of double-digit growth.
The damage caused by the East Coast after the housing market renewal Superstorm Sandy in late October, a decisive shift to improve the work on construction sites.
The manufacturers may speed up the recruitment pace in February, but are still expected to be far below the people to see, since the beginning of last year, due to weak domestic demand and cooling growth overseas.
After seven consecutive months of gains, retail employment took about a month of breathing. Courier and messenger work may rebound from last month's decline, but also possible inclement weather on the East Coast have been depressed.
Health care and social assistance, may be another month a solid job gains. The same is the leisure and catering.
Government employment is likely to have dropped by about 7,000 last month after falling in January 9000. Regulating local government layoffs, outside of education, should help federal agencies in Washington to strengthen its with a blunt blow from the loss of future employment.
The steady income lend some stability wages. Average hourly earnings are expected to rise 0.2% last month after rising by the same margin in January.
This will be the fourth consecutive month when the salary income. They increased 2.1 percent advance in the 12 months after the December to January.
"The earnings last year seems to have bottomed out and are turning to higher labor market has improved performance, said:" Mulraine.
Is expected to be steady at 34.4 hours a week on the average length of time.
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