After white-hot jobs data pushed markets into the red on Thursday, traders are keeping a very close eye on a key job report Friday morning out of concern the Federal Reserve may keep pushing on with its rate hikes.
The Bureau of Labor Statistics is set to release its all-important monthly employment snapshot at 8:30 a.m. ET.
The US economy is expected to have added 225,000 jobs last month, and the unemployment rate is expected to have ticked down to 3.6% from 3.7%, according to consensus estimates from Refinitiv.
While the Fed has rolled out 10 consecutive rate hikes in an attempt to cool down the economy, the job market has remained impervious. Central bankers have signaled at least two more rate hikes before the end of the year.
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