NFP rose +175k last month,beating the street consensus of around +150k. It's undoubtedly a plus for
Yellen and company - a number that certainly supports her case to continue tapering asset purchases. Friday's headline print-beating consensus would suggest that the US economy has underlining strength despite the adverse weather conditions experienced in January and February. Even better were the revisions
to the prior months, they were modestly positive with January up +16k to a revised +129k and December up +9k to +84k. However, the unemployment rate, that was expected to be flat, actually ticked up to +6.7% from +6.6% for the first time in nearly eight-months. The markets initial reaction certainly favored the dollar, higher US treasury yields and an equity market in the black.
Yellen and company - a number that certainly supports her case to continue tapering asset purchases. Friday's headline print-beating consensus would suggest that the US economy has underlining strength despite the adverse weather conditions experienced in January and February. Even better were the revisions
to the prior months, they were modestly positive with January up +16k to a revised +129k and December up +9k to +84k. However, the unemployment rate, that was expected to be flat, actually ticked up to +6.7% from +6.6% for the first time in nearly eight-months. The markets initial reaction certainly favored the dollar, higher US treasury yields and an equity market in the black.