The non-farm payrolls in the US increased by 151,000 in February, falling below expectations, while the unemployment rate rose from 4% to 4.1%.
US employment data has been released. According to the Department of Labor, non-farm 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 unemployment rate of 4%.
Average hourly earnings increased by 0.3% in February, in line with expectations.
The 0.5% increase in the previous month was revised to 0.4%. Despite an expected 4.1% increase on an annual basis, a 4% increase was observed. The Euro/dollar exchange rate rose to an intraday high of 1.08887 after the employment data.
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