Wells Fargo Forecasts Sharp February Payroll Slowdown as January Jobs Surge Fades

The blockbuster January jobs number was likely a mirage, per the assessment of economists at Wells Fargo Economics, who are projecting nonfarm payroll growth of just 45,000 for February — a steep deceleration from the three-month average pace of 73,000 and a fraction of the hiring activity suggested by January's headline figures. The February employment […]