US January nonfarm payrolls release delayed…to be published on Feb. 11

JH Kim

Summary

The US Bureau of Labor Statistics said it would delay the release of the January nonfarm payrolls report to Feb. 11.
Despite the delay to the January nonfarm payrolls report, the January Consumer Price Index (CPI) will be released on Feb. 13 as scheduled.
Markets are focusing on the possibility that monetary policy expectations and interest-rate outlook volatility could increase around mid-February as the employment and inflation data are released back-to-back.

The release of the US January nonfarm employment data has been delayed. As a result, some adjustments have also been made to the schedule for major macroeconomic indicators.

According to Walter Bloomberg, an economic news account, on the 4th (local time), the US Bureau of Labor Statistics (BLS) said it would postpone the January nonfarm payrolls release, which had been scheduled for this week, to Feb. 11.

Nonfarm payrolls are a key indicator for gauging trends in the US labor market and have a direct impact on financial markets and monetary policy expectations. With the delay, markets now face a gap period without the employment data.

Meanwhile, the January Consumer Price Index (CPI) is set to be released on Feb. 13 as originally scheduled. The CPI is a major inflation gauge referenced by the Federal Reserve (Fed).

Markets are watching the possibility that volatility in monetary policy expectations and interest-rate outlooks could increase around mid-February, when the employment and inflation data are released in close succession.