The US economy gained 242K jobs in February, better than expected and with upwards revisions worth 30K. However. wages dropped 0.1% m/m and rose only 2.2% y/y, worse than expected. Broader measures were positive: a rise in the participation rate and a fall in the “real unemployment rate”. The US dollar enjoyed the move at first, but then dropped. The battle for the close of the week continues. You can see here the live coverage and the live blog of the event as it happened. The US was expected to gain around 190K jobs in February, following 151K in January (before revisions). Wages carried expectations for +0.2% m/m after 0.5% beforehand and 2.5% y/y. The US dollar was clearly on the back foot before the release. Data (updated) Non-Farm Payrolls: 242K (exp. +195K, last 151K before revisions) Average Hourly Earnings:-0.1%, 2.2% y/y (exp. +0.2% m/m, last month 0.5% m/m, 2.5% y/y) Revisions: +30K (-2K last time) Participation Rate: 62.9% (62.7% last month ) Unemployment Rate: 4.9% (exp.4.9%, last month 4.9% before revisions) Private Sector: 230K(ADP showed a nice 214K). Real Unemployment Rate (U-6): 9.7% (previous: 9.9%). Employment to population ratio: 59.8% (previous: 59.6%) Average workweek: 34.4 (last month: 34.6). Live Blog Live coverage (If you can not see or type in the chat box please go here) Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Forex Weekly Outlook March 7-11 Anat Dror 7 years The US economy gained 242K jobs in February, better than expected and with upwards revisions worth 30K. However. wages dropped 0.1% m/m and rose only 2.2% y/y, worse than expected. Broader measures were positive: a rise in the participation rate and a fall in the "real unemployment rate". The US dollar enjoyed the move at first, but then dropped. The battle for the close of the week continues. You can see here the live coverage and the live blog of the event as it happened. The US was expected to gain around 190K jobs in February, following 151K in January… 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.