— more to come
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The US was expected to report an increase of 180K jobs in February, back to normal levels after a blockbuster increase of 304K in January. The Average Hourly Earnings are projected to accelerate to an annual rise of 3.3% after 3.2% beforehand and rise 0.3% in February.
The Federal Reserve has pledged patience on interest rate hikes after soft figures from both the US economy and mostly from the outside. However, the door is still open to rate increases in the second half of the year if the economy improves. The labor market is the brightest spot in the economy.
More: Non-Farm Payrolls Preview: Labor market defiance