US January unemployment rate likely to remain steady at 5.6%: Danske Bank

Quotes from Danske Bank:

-The main event is the US employment report for January, which we expect to show continued solid job growth. We look for a total increase of 215,000 with 200,000 new jobs in the private sector and 15,000 new government jobs.

-Average hourly earnings fell steeply in December and we look for a rebound in January. We expect the unemployment rate to remain steady at 5.6%. Solid job growth and a rebound in wage inflation should make the Fed more comfortable with starting the normalisation process this year.


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