Friday, the Bureau of Labor Statistics releases its jobs report for January. Economists expect 230,000 jobs to have been added to the economy during the month, with the unemployment rate holding steady at 5.6%. But with Thursday’s jobless claims numbers coming in just slightly better than expected and softness in Wednesday’s ADP Employment Report, Morningstar’s director of economic analysis, Bob Johnson, is worried about Friday’s report and is expecting the creation of 200,000 jobs. TheStreet’s Scott Gamm caught up with Johnson to discuss the current state of jobs and wage growth.
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