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The Employment Situation: Slow Climb Back

Weekly Economic Commentary

February 3, 2014

The January 2014 employment report will garner plenty of attention from market participants, the media, and the public as the labor market continues its slow climb back to the pre-recession peak.

The Federal Reserve will be watching for key metrics: the participation rate, long-term unemployment, wages, and hiring.

We expect the economy to create between 175,000 and 200,000 net new jobs per month in 2014, with some variation around the trend.

 

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