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U.S. Jobs Data Look ‘Particularly Tricky’ on Omicron, Revisions

  • Projected 150,000 payrolls gain would be worst since Dec. 2020
  • Omicron, seasonal factors will make data tricky to interpret
A server wipes down tables at a restaurant in Dearborn, Michigan.

A server wipes down tables at a restaurant in Dearborn, Michigan.

Photographer: Emily Elconin/Bloomberg
Updated on

Omicron. Revisions. Big seasonal factors. Friday’s U.S. jobs report is poised to be a bit of a doozy.

Nonfarm payrolls forecasts range from a 400,000 monthly decline in January to a 250,000 advance, and the confluence of crosscurrents will likely make analyzing the report more challenging than normal. So much so that White House officials have already warned the report could be confusing or even misleading.