The February jobs report is set to be closely watched by investors as they gauge the health of the consumer and US economy. A recent surge in fears about consumer demand and a potential economic downturn has triggered notable drops in stocks and Treasury yields.
Investors are nervous about the possibility of an approaching recession, which may not be calmed by the jobs report. The upcoming nonfarm-payrolls data will be viewed through the lens of these recent developments.
A correction in the stock market is possible if investors’ concerns persist despite a positive employment report. The upcoming jobs data will provide insight into the state of consumer demand and whether it’s supporting economic growth.
Source: https://www.marketwatch.com/story/why-the-february-jobs-report-may-push-a-jittery-stock-market-toward-a-correction-7ea44c97