Critical data awaited by markets revealed: What were the US nonfarm payrolls (NFP) and unemployment rate?
In the US, nonfarm payrolls increased by 151,000 in February, falling below expectations, while the unemployment rate rose from 4% to 4.1%.
Employment data in the US has been disclosed. According to the Department of Labor’s announcement, nonfarm payrolls (NFP) increased by 151,000 in February, with the unemployment rate rising to 4.1%. Expectations were for a 170,000 increase in employment and an unchanged unemployment rate of 4%.
Average hourly earnings rose by 0.3% in February, in line with expectations.
The previous month’s 0.5% increase was revised down to 0.4%. Despite an expected 4.1% year-on-year increase, a rise to 4% was observed. Following the employment data, the Euro/dollar pair reached its intraday peak at 1.08887.
