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US jobs data revisions boost summer rate cut expectations
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While February's data beat the forecast 200,000, the «higher than expected» January figure, which was initially reported as 353,000, has now been revised down to 229,000, while December's 333,000 was reduced to 290,000, based on additional reports received from businesses and government agencies. US far exceeds forecasts with 353,000 jobs added in January Additionally, the unemployment rate rose by 0.2 percentage points to 3.9% in February, as the number of unemployed people increased by 334,000 to 6.5 million. Nathaniel Casey, investment strategist at Evelyn Partners, said today's...
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Read more on investmentweek.co.ukAbout this in other media
US inflation rises to 3.2%, dampens hope of Fed's interest-rate cut until June livemint.com /9 months ago
Hotter than expected US inflation fails to soften June rate cut hopes investmentweek.co.uk /9 months ago
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