Employment in the U.S. increased by slightly less than expected in the month of February, according to a closely watched report released by the Labor Department on Friday.
The report said non-farm payroll employment climbed by 151,000 jobs in February after rising by a downwardly revised 125,000 jobs in January.
Economists had expected employment to grow by 160,000 jobs compared to the addition of 143,000 jobs originally reported for the previous month.
The Labor Department also said the unemployment crept up to 4.1 percent in February from 4.1 percent in January, while economists had expected the unemployment rate to remain unchanged.
At 10:15 am ET, Federal Reserve Board Governor Michelle Bowman and New York Federal Reserve President John Williams are due to participate in a discussion of “Monetary Policy Transmission Post-COVID” at The University of Chicago Booth School of Business 2025 U.S. Monetary Policy Forum
Federal Reserve Board Governor Adriana Kugler is scheduled to speak on “The Rebalancing of Labor Markets Across the World” before the Bank of Portugal’s Conference on Monetary Policy Transmission and the Labor Market at 12:20 pm ET.
At 12:30 pm ET, Federal Reserve Chair Jerome Powell is due to speak on the economic outlook at The University of Chicago Booth School of Business 2025 U.S. Monetary Policy Forum.
Kugler is scheduled to participate in a discussion of “Monetary Policy” at the Bank of Portugal’s Conference on Monetary Policy Transmission and the Labor Market at 1 pm ET.
At 3 pm ET, the Federal Reserve is due to release its report on consumer credit in the month of January. Consumer credit is expected to increase by $14.5 billion in January after soaring by $40.8 billion in December.