Breaking: US Nonfarm Payrolls surge by 379,000 in February, DXY climbs above 92.00
|Nonfarm Payrolls (NFP) in the US rose by 379,000 in February, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed January's increase of 166,000 (revised from 49,000) and beat the market expectation of 182,000 by a wide margin.
Follow our live coverage of the US jobs report and the market reaction.
Market reaction
With the Initial reaction, the US Dollar Index (DXY) jumped to its highest level since late November at 92.14. As of writing, the DXY was up 0.5% on the day at 92.10.
Further details of the publication revealed that the Unemployment Rate edged lower to 6.2% from 6.3% and the Labor Force Participation Rate stayed unchanged at 61.4%. Finally, wage inflation, as measured by the Average Hourly Earnings, remained steady at 5.3% on a yearly basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.