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Weekly economic review & outlook
Week in Review: January was another solid month for the labor market

FEB. 10, 2020

You Need to Know

Week in review

Faster job growth to start 2020

Employers picked up the pace of hiring in January while more people are rejoining the strong job market.

Manufacturing survey shows expansion again

After five consecutive months showing contraction, the ISM manufacturing index edged into expansion territory in January.

Week Ahead

Forecasts

CPI inflation likely to see modest rise

Energy prices were down in January, but persistent medical service price inflation is likely to lead to a modest rise in CPI inflation.

Conditions point to robust retail sales

Positive demand factors along with a small rise in vehicle sales in January suggest stronger growth in retail sales, offset a bit by lower gasoline prices.

Employers picked up the pace of hiring in January while more people are rejoining the strong job market. The ISM manufacturing index surprised on the upside for January, climbing into expansion territory for the first time since July.

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