The US non-farm payrolls report is one of the most eagerly-awaited economic events worldwide – find out more below.
February's report showed that 200,000 jobs were added in January, which was above the forecast 180,000. This compares to a revised 160,000 jobs added in December.
Losses can exceed deposits
It's been a familiar theme for some time now and it continued yesterday as US yields continued to climb, while the US dollar itself remained under pressure, drifting back towards its recent three-year lows against a basket of currencies.
The US non-farm payrolls is an official statistic released by the US Department of Labor, usually on the first Friday of every month. The non-farm payrolls measure the number of people currently in employment in the US and are released along with the US unemployment rate. Both are important yardsticks used by traders and analysts alike to get an insight into the health of the US economy. Specifically, the non-farm payrolls measure the number of people in employment in all businesses across the country, excluding agricultural, local government, private household and not-for-profit sectors.
Stay up-to-date with the latest non-farm payrolls news and analysis and its affect on the markets, from our global market analysts team.