Economists are expecting an overall healthy reading, with 169,000 net new jobs created in the month and the unemployment rate holding steady at 4.1%. The January report includes annual benchmark revisions and updates to models that could affect the data.

A slight cooling off of the labor market saw job creation falling behind expectations, but the unemployment rate dipped slightly too, Bureau of Labor Statistics data show.

After a solid January jobs report, more traders are betting that the Fed’s rate-cut pause might not be so brief.