While the Labor Department released a report on Friday showing employment in the U.S. increased by less than expected in the month of January, the report also showed the unemployment rate unexpectedly edged slightly lower.
The closely watched report said non-farm payroll employment rose by 143,000 jobs in January after surging by an upwardly revised 307,000 jobs in December.
Economists had expected employment to climb by 170,000 jobs compared to the jump of 256,000 jobs originally reported for the previous month.
Meanwhile, the report said the unemployment rate dipped to 4.0 percent in January from 4.1 percent in December. The unemployment rate was expected to remain unchanged.
Federal Reserve Board Governor Michelle Bowman is scheduled speak on bank regulation before the 2025 Wisconsin Bankers Association Bank Executives Conference at 9:25 am ET.
At 10 am ET, the University of Michigan is due to release its preliminary reading on consumer sentiment in the month of February. The consumer sentiment index is expected to inch up to 72.0 in February after falling to 71.1 in January.
The Commerce Department is also scheduled to release its report on wholesale inventories in the month of December at 10 am ET. Wholesale inventories are expected to decrease by 0.5 percent.
At 12 pm ET, Federal Reserve Board Governor Adriana Kugler is due to speak on “Entrepreneurship and Aggregate Productivity” before the 2025 Miami Economic Forum.
The Federal Reserve is scheduled to release its report on consumer credit in the month of November at 3 pm ET. Consumer credit is expected to increase by $16.0 billion in December after unexpectedly falling by $7.5 billion in November.