In the US, February non-farm payrolls came in better than expected, perhaps a sign that the economy is recovering from the bad winter

Jay Soloff

Argonath Financial

In the US, February non-farm payrolls came in better than expected, perhaps a sign that the economy is recovering from the bad winter. Non farm payroll employment climbed to 175,000, up from a revised 145,000 in January. The number was well above analysts' expectations of 125,000 to 150,000 jobs added. The unemployment rate climbed slightly to 6.7% (from 6.6%) as more workers entered the labor force. The February number was supposed to reflect the harsh winter conditions - so the fact that it's considerably higher than anticipated could bode well for next month's number. The next couple weeks worth of initial jobless claims reports should give us a reasonable clue as to the extent of improvement in the job market. (VIEW LINK)


3 topics

Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter