Payrolls surged by 273K in Feb after 273K in Jan (revised from 225K). Strength was likely exaggerated by mild weather, but a still-healthy trend has also been signaled by claims. That said, the sample week was February 9-15, before COVID-19 fears began to surge, and trends are likely to weaken, as analysts at TD Securities notes. Key quotes “Payrolls rose 273K in February, well above the 175K consensus; the TD Securities forecast was 170K. Revisions added 85K to the prior two months.” “The unemployment rate fell 0.1 point to 3.5%, reversing the rise in January; 3.5% is a 50-year low. Average hourly earnings rose 0.3%, matching consensus (TD: 0.4%), following 0.2% in January (unrevised).” “The market remains much more attuned to sentiment, leaving little attention for the data. That said, the upbeat data should help stem the bleeding of the USD against its peers like EUR, GBP, JPY, and CHF. It may also take some shine out of gold.” 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 Canada: Employment better-than-expected – TDS FX Street 2 years Payrolls surged by 273K in Feb after 273K in Jan (revised from 225K). Strength was likely exaggerated by mild weather, but a still-healthy trend has also been signaled by claims. That said, the sample week was February 9-15, before COVID-19 fears began to surge, and trends are likely to weaken, as analysts at TD Securities notes. Key quotes “Payrolls rose 273K in February, well above the 175K consensus; the TD Securities forecast was 170K. Revisions added 85K to the prior two months.” “The unemployment rate fell 0.1 point to 3.5%, reversing the rise in January; 3.5% is a 50-year low.… 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.
