NFP Details: A Few Concerns
MarketPulse | Mar 06, 2015 05:33PM ET
The initial take is that Friday’s report provides further evidence that the U.S jobs market remains strong. There are some parts of the report that could restrain overall investor optimism. The full employment rate declined for the wrong reasons – weak household survey employment gain & a decline in the labor force. Average hourly earning edged up just +0.1% m/m, bringing the year-on-year growth rate back down from to +2% from +2.2% (however, it does remain in the “solid” trend of the last few years).
* Feb payrolls beat big: +295k vs. +235k expected – private sector strong at +288k
* Unemployment rates drops to Fed’s full-employment scenario +5.5%
* Solid numbers despite fears from weather and west coast port strike.
* Miss on wages and participation rate overshadowed
* Rates, USD up: 0.10bps hike priced for June, up from 0.08
* Long U.S rates push highs of the year. EUR co;;apses >€1.09
* The report keeps Fed on track to alter its guidance on interest rates at
March 17-18 policy meeting – potential drop of “patient”
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.