Data released on Friday, showed the US economy added 273K jobs in February. According to analysts at Wells Fargo, the bright state is unlikely to last. Key Quotes: “The February employment report covered the week ending the 15th, so before concerns over COVID-19 escalated. But before the recent volatility in financial markets and steppedup efforts to contain the virus, the labor market was on solid ground.” “As with last month, the unseasonably mild winter weather appears to have given some lift to hiring.” “Even before accounting for the coronavirus outbreak, payroll growth exCensus workers looks poised for a sharp slowdown in March.” “The Fed is already looking ahead to the ripple effects of efforts to contain COVID-19, so today’s report does not change our assumption for additional easing before the end of Q2. Hiring was resilient through the past two growth scares of the current cycle. But those scares—triggered by uncertainty over trade policy (2019) and commodity prices collapsing (2015-2016)— were centered around goods-producing industries.” “The COVID-19 environment stands to impact hiring in the service sector much more directly, in addition to dealing another blow to the manufacturing and mining industries. Delayed shipments, canceled travel and forgone outings are ripe to reduce hiring in the months ahead.” 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 Bitcoin CoT report data shows shorts are still in the lead but only just FX Street 3 years Data released on Friday, showed the US economy added 273K jobs in February. According to analysts at Wells Fargo, the bright state is unlikely to last. Key Quotes: “The February employment report covered the week ending the 15th, so before concerns over COVID-19 escalated. But before the recent volatility in financial markets and steppedup efforts to contain the virus, the labor market was on solid ground.” “As with last month, the unseasonably mild winter weather appears to have given some lift to hiring.” “Even before accounting for the coronavirus outbreak, payroll growth exCensus workers looks poised for a sharp slowdown… 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.