The US economy gained 273,000 jobs, far above expectations. Wages are up 0.3% monthly, as expected. The unemployment rate dropped to 3.5% in February. There is no coronavirus impact. — more to come Follow all the NFP updates live The US was expected to report an increase of 175,000 jobs in February, down from 225,000 in January. Average Hourly Earnings carried expectations for an increase of 0.3% monthly and 3% yearly. The Unemployment Rate was forecast to remain unchanged at 3,6%, near the multi-decade low. Earlier this week, ADP’s private-sector report showed an increase of 183,000 jobs and the ISM Non-Manufacturing PMI’s employment component pointed to accelerated hiring in America’s largest sector. The US dollar was on the back foot ahead of the publication. Fears that coronavirus spreads in the US have gripped financial markets. Bond markets are pricing another double-dose rate cut from the Federal Reserve on March 18. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Nonfarm Payrolls increased by 273K in February vs. 175K expected FX Street 2 years The US economy gained 273,000 jobs, far above expectations. Wages are up 0.3% monthly, as expected. The unemployment rate dropped to 3.5% in February. There is no coronavirus impact. -- more to come Follow all the NFP updates live The US was expected to report an increase of 175,000 jobs in February, down from 225,000 in January. Average Hourly Earnings carried expectations for an increase of 0.3% monthly and 3% yearly. The Unemployment Rate was forecast to remain unchanged at 3,6%, near the multi-decade low. Earlier this week, ADP's private-sector report showed an increase of 183,000 jobs and the ISM Non-Manufacturing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
