Article Hero

Lower-than-expected non-farm payrolls

1612538978.png
Miguel A. Rodriguez
Miguel A. Rodriguez
05 February 2021
Mixed economic readings at the end of the week

The monthly report from the US Bureau of Labor Statistics showed that in the past month, 49,000 jobs were created.

On the other hand, the unemployment rate fell to 6.3%, lower than the market expected – to be steady at 6.7%.

Even though the employment starter slowly to kick-off, the pandemic’s effects on the labor market are still present, with more than 10 million left jobless. During the same time last year, only 4.3 million people were without a job.

The markets are still waiting for the long-touted stimulus package after it turned out President Joe Biden and Republican Senators met this week to discuss the matter.

Indices reacted positively to the news, USA30 and USA500 opening at 0.32% and 0.22% higher.

Sources: forexfactory.com, cnbc.com

This information/research prepared by Andreas Thalassinos does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.