A hotter-than-expected figure on Friday could be a worrisome sign for the U.S. central bank, which has already approved eight straight interest rate hikes and signaled that it intends to keep rates elevated for "some time." In testimony before Congress this week, Chairman Jerome Powell indicated that officials may need to raise rates higher than previously projected in the face of hotter-than-expected economic data.
He added, "The question this month is whether we get another incredibly strong report — in which case we likely will see a continued acceleration in inflation again — or whether last month was a one-off." There is a risk that jobs data surprises to the upside on Friday morning, according to RSM chief economist Joe Brusuelas. RSM is projecting that hiring increased by 310,000 last month and that the unemployment rate dropped even lower to 3.3% due to unseasonably warm weather in February.
nope.fake news. I see hiring signs everywhere