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NFP exceeded estimates

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Miguel A. Rodriguez
Miguel A. Rodriguez
04 February 2022
In January, the non-farm payrolls rose more than forecasted despite the increasing omicron cases

According to the Bureau of Labor Statistics, the non-farm payroll surged by 467,000, while the unemployment rate came in at 4%. The figures came in a week after the White House announced that the numbers could be low because of the pandemic.

The most significant employment gains came in leisure and hospitality for January, which reported 151,000 hires.

Overall, the job gains brought employment back to approximately 1.7 million, below in February 2020, before the pandemic declaration.

 

Sources: cnbc.com, forexfactory.com

This information/research prepared by Miguel A. Rodriguez 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. 

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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.