NFP

This preview was originally published two days ago. It has been updated to reflect the additional information from JOLTS and the flurry of Fedspeak yesterday. Baseline View Slower job growth, slower wage growth, an unemployment rate that might fall to a new record low. In light of mixed JOLTS report

What the data tell us to expect this Friday — softer nonfarm payroll growth, a higher unemployment rate and a potential for permanent job losers to rise.

This monitor is a reflection of how we update our assessments of economic growth in real-time as we get meaningful updates from macroeconomic data releases. It provides a more timely and meaningful gauge of economic activity growth than what GDP and similar summary indicators provide. Please see here for more

What the data tell us to expect this Friday — softer nonfarm payroll growth, a lower unemployment rate and a wage print that will give us an ok first-read on Q1 wage growth ahead of the more robust Employment Cost Index release later this month.

What the data tells us to expect for Friday: * Interpreting nonfarm payroll employment numbers will be messy due to the benchmark revision: The BLS folds in more comprehensive data each February on job creation. That can be especially substantial at the sectoral level and recast what the true employment trajectory