Economics
Biden’s First U.S. Jobs Report to Show Challenge Ahead: Eco Week
- Asia PMIs, euro-area GDP set to provide economic snapshots
- Weekly take on events in the world economy and their fallout
President Joe Biden
Photographer: Anna Moneymaker/Pool/Getty Images
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U.S. President Joe Biden is about to get the first full look at the labor market he inherited.
Economists are expecting the January jobs report to show a stagnant and still elevated unemployment rate -- holding at 6.7% -- according to a Bloomberg survey ahead of Friday’s data. That’s nearly double the level before the pandemic struck early last year.