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US employment rate marking economic recovery

Employment probably shifted into a higher rate in January to post a fourth straight month of gains , offering more evidence of a broadening economic recovery in United States of America (USA), though the jobless rate likely rose. The government is expected to report on Friday that nonfarm payrolls grew 145,000 , according to a Reuters survey, after adding 103,000 in December. But severe snow storms that slammed large parts of the nation could result in a much lower figure. All of the anticipated job gains are expected to have been generated by the private sector and would add to other data suggesting that the manufacturing-driven recovery is now spreading to other sectors of the economy. The Labor Department will release its closely watched employment report at 8:30 a.m. ET. " All the signals are pointing to a much improved labor market compared with last year and a strong payrolls report would be a nice confirmation that things are certainly headed in the right directi...