Non-Farm Payrolls Surprised To The Upside In February
As I expected non-farm payrolls came out yesterday at -36.000 for February vs. -50.000 consensus and a revised -26.000 figure for January. Unemployment rate was unchanged at 9.7% vs. 9.8% consensus.
We could say that the job losses for U.S. economy are approaching its end.
Chart 1. Unemployment Rate & Non-Farm Payrolls Change
