U.S. January Non-Farm Payroll Data Will Be Released in 10 Minutes:
Estimates: Median: 175,000 High: 240,000 Low: 105,000 Previous Value: 256,000
Forecasting Institutions: *Natixis: 240,000 *Nomura: 225,000 *Bank of America: 200,000 *Goldman Sachs: 190,000 *BNP Paribas: 170,000 *JPMorgan Chase: 150,000
*Wall Street Will Closely Monitor Revisions to Employment Growth for the 12 Months Prior to March Last Year. The U.S. Department of Labor's preliminary estimate in August suggested a downward revision of 818,000, the largest since 2009. Economists expect that the actual downward revision in the January report to be released on Friday could be around 600,000 to 700,000 jobs, which would be a relief. Bloomberg Economics estimates that the downward revision will be even larger, reaching 934,000.