barclays vice president and us economist pooja sriram reportedly said that the nonfarm payrolls figure for february is expected to come in substantially lower than january but any number over 225000 would still reflect a strong jobs print we expect nonfarm payrolls to come in at 225000 that would be a substantial slowing from the blockbuster january print but a number above the 225000handle would undeniably be still a strong jobs report” sriram told bloomberg tv “what we will be looking at apart from the headline payrolls number would be what happens with the average hourly earnings we are expecting a 03 increase on the month that’s broadly in line with the increase in january” also read how to invest in startups us markets ended in the red on thursday dragged by a plunge in bank stocks and investor concerns ahead of the release of the jobs report on friday market participants remained concerned an unfavorable jobs report could spark more aggressive rate hikes by the federal reserve in the coming months the spdr sp 500 etf trust spy closed 184 lower while the invesco qqq trust series 1 qqq lost 173 rate hike sriram also pointed out that the bar for a 50 bps rate hike by the federal reserve is now much lower i think the burden of proof is such that we need to see a substantially weak payrolls data tomorrow followed by maybe some softening in cpi next week to expect the fed would go to 25 basis points and not 50 she said talking about the economy the economist said they have penciledin negative growth in the second half of this year we are looking for what we would call a mild recession it’s around the same time that we expect inflation prints to also start cooling we should see some cooling in shelter costs all of this should make for a softish landing and that’s still very much our baseline but of course there’s a lot of uncertainty just given how much macroeconomic data has surprised to the upside at the beginning of the year so it’s going to be a waitandwatch she said read next jpmorgan strategist warns risk of ‘unknown unknowns’ highest since global financial crisis ‘things are getting uglier’