Market Insider

What investors are looking for in the jobs report

Trading the S&P ahead of jobs

With oil stabilizing, a mixed earnings season ending and Greece concerns abating, Friday's monthly jobs report is a key indicator for the U.S. economy.

Consensus expects creation of 230,000 nonfarm payrolls in January, with an unemployment rate holding steady at 5.6 percent and wage growth of 0.3 percent. Last month, a 0.20 percent decline, or a 5-cent drop, in hourly earnings jarred markets.

The total nonfarm payroll accounts for about 80 percent of the workers who produce the entire gross domestic product of the United States.