IntegrityFX's Commentaries
Mar
5
2010
US Jobs Numbers Spur Risk Appetite, USD Weakens
by IntegrityFX
Overall Rating:
US Non-Farm Employment Change came in better than expected, reporting a loss of 36,000 jobs in February. Expectations were to lose 56,000 jobs, so the market was pleasantly surprised.
The loss in jobs was not significant enough to alter the unemployment rate, which remained unchanged at 9.7 percent. Expectations were 9.8 percent, so it just slightly beat expectations.
The U-6 measure of unemployment, which is much broader than the official U-3, reported the rate at 16.8 percent. [...]
Tags: joshua-habben
