Piper Sandler: Non-farm payrolls likely to grow strongly

Odaily reports that Piper Sandler economists wrote that non-farm employment is expected to grow strongly again on Friday, but it would not be surprising if the job market loses some momentum in the coming months. Their model predicts that the US economy added 208,000 jobs in January, higher than the widely expected 169,000. However, the January ADP data showed that small business hiring was lukewarm, "which is a concerning signal for overall employment," the economists said. Meanwhile, in the weekly unemployment claims data, the number of people continuing to claim unemployment benefits has risen, indicating that employment numbers will be more moderate in the coming months. (Jinshi)