Analysts at TD Securities note that the US jobs report came in essentially as expected for the three months ending in February, with the unemployment rate remaining unchanged at its multi-decade low of 3.9%.
“Wage growth remained strong, with headline wage growth unchanged at 3.5% 3m/y. Notably, the private sector regular pay measure favoured by the MPC showed further gains to 3.6% 3m/y, a post-crisis high.”
“The labour market continues to point to a very tight balance between demand and supply, and as we discussed in our UK macro update yesterday, poses challenges to the BoE as it tries to weigh the impact of uncertainty on the economy.”
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.