The strong labour market report led to lower longer-term bond yield and falling equities but analysts at Nordea think the reading has not caused too much disappointment. Key quotes “Nonfarm payrolls increased 225k in January, up from an upward-revised 147k in December.” “The unemployment rate rose to 3.6% from 3.5% and the broader U6 unemployment rate rose to 6.9% from 6.7%, and hence not all the people that returned to the labour force were able to immediately get a job.” “Average hourly earnings rose 0.2% m/m, slightly slower than anticipated, but due to revisions it increased to 3.1% y/y from an upward-revised 3.0% y/y in December.” “We view today’s numbers as strong and they should dent market expectations of more Fed easing.” “Markets reacted with lower longer-term bond yields and falling equities, which seems a bit strange given the strong labour market report but we still doubt that this labour market report has led to much disappointment.” 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 Tezos Price Analysis: Price has now hit a road block on the intraday charts FX Street 2 years The strong labour market report led to lower longer-term bond yield and falling equities but analysts at Nordea think the reading has not caused too much disappointment. Key quotes “Nonfarm payrolls increased 225k in January, up from an upward-revised 147k in December.” “The unemployment rate rose to 3.6% from 3.5% and the broader U6 unemployment rate rose to 6.9% from 6.7%, and hence not all the people that returned to the labour force were able to immediately get a job.” “Average hourly earnings rose 0.2% m/m, slightly slower than anticipated, but due to revisions it increased to 3.1% y/y from… 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.
