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DJ US Jobs Market Expected to Return to Growth in January -- Market Talk

· 02/05/2021 04:23

0923 GMT - Nonfarm payrolls in the U.S. are expected to rise by 100,000 in January after a fall of 140,000 in December, UniCredit says. The bank's estimate is higher compared with the consensus of economists polled by The Wall Street Journal, who expect payrolls to increase by 50,000. UniCredit's forecast is skewed to the upside following the ADP Research Institute's estimate that private-sector payrolls rose by 174,000 in January and better-than-expected jobless claims numbers, the Italian bank says. "With new Covid-19 cases peaking on Jan. 8 and falling quite quickly, along with some states either easing or planning to ease restrictions soon, payroll gains will likely accelerate next month," UniCredit says. The U.S. January employment report will be released at 1330 GMT. (xavier.fontdegloria@wsj.com)

(END) Dow Jones Newswires

February 05, 2021 04:23 ET (09:23 GMT)

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