Expectations from the US employment report for February
The number of people employed in the US non-farm sector is expected to slow in February. Such dynamics are attributed to weather conditions and technical factors, such as sustained growth, actually relying on the saturation of the labor market, which has been intensified by low market activity and a relatively sluggish economy. It is also worth noting a two-month increase to the previous value of employment for 46K and 82K jobs in December and January, respectively. Therefore, the February report will be difficult to reach 200K jobs.
On the other hand, the expected value of 181K can be very low after very positive data on the reduction of applications for unemployment benefits and business growth. It is worth noting that if expectations for wage growth and unemployment are met, the US dollar will receive support, with an increase in the likelihood of the Fed raising rates this year.
Read also: “Stock Indices: European Union”
Hanzenko Anton
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- To increase or not to increase, the difficult choice of the US Federal Reserve
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