Alvin Liew at UOB Group assessed the recently published US monthly labour market report. Key Quotes “US employment creation added another fantastic month, as the US economy created 273,000 jobs in February… Even more impressive was the significant 85,000 upward revision to the jobs data of the preceding two months as January’s job print was revised higher to 273,000 (from 225,000) while the increase for December was also raised to 184,000 (from 147,000).” “US unemployment rate edged lower to 3.5% in February (from 3.6% in January) in line with the strong jobs print while labor participation rate stayed steady at 63.4%, matching the highest participation rate since June 2013. US wage growth came in right at market expectations, rising by 0.3% m/m, 3.0% y/y from 0.2% m/m, 3.1% y/y in January. US wage gains has been at or above 3% on a y/y basis since July 2018.” “As 2020 progresses, the strong start in January and February may not sustain. We had earlier highlighted the risks of a prolonged growth cycle and expectations of slower US economic outlook which may slow the US jobs creation but we still expect positive job increase overall. But with the arrival and the rapid spread of the coronavirus (COVID-19) in the US, some sectors will be directly impacted, resulting in reduced hiring or even job losses.” “We now expect the US to record its monthly net job losses soon, the first since October 2010, if not in March, then most likely in April.” 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 USD/JPY aims to recover Monday’s losses amid hopes of stimulus FX Street 3 years Alvin Liew at UOB Group assessed the recently published US monthly labour market report. Key Quotes “US employment creation added another fantastic month, as the US economy created 273,000 jobs in February… Even more impressive was the significant 85,000 upward revision to the jobs data of the preceding two months as January’s job print was revised higher to 273,000 (from 225,000) while the increase for December was also raised to 184,000 (from 147,000).” “US unemployment rate edged lower to 3.5% in February (from 3.6% in January) in line with the strong jobs print while labor participation rate stayed steady at… 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.