February’s non-farm payroll could be crucial to US interest rate increase
February’s non-farm payroll is highly anticipated as the US approached ‘full employment’ and many still eagerly await the go ahead for an increase in interest rates, despite Janet Yellen’s less than encouraging comments at a Senate Committee at the end of February. However, last month saw job growth come in way above expectations at 257,000, oil prices have seemed to find their floor and are on the rise and the US dollar is strengthening and approaching 11-year highs. All these factors may not directly contribute to a high non-farm payroll figure but are certainly a good indication of the US current and future economic strength.
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