The official jobs report comes out this Friday. Expectations are for another slowdown, with about 175,000 jobs added, down from 199,000 in December. With everything that is going on, especially the number of people who have the Omicron variant and are presumably not at work, that would be a great result. Unfortunately, the real number is likely to be well below that and will probably be negative—maybe significantly so. Bad News in ADP Report We got a heads-up on that from yesterday’s ADP report, making a very weak result much more likely for the official jobs report on Friday. According to Capital Economics, the ADP ... (full story)