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February 2016

US Non-Farm Payrolls disappoints

Published: Friday 05 February 2016

US Non-Farm Payrolls which were expected to show growth of 190,000 jobs posted a disappointing 151,000, a substantial decline from the final December figure of 262,000.   
 
Overall the US data was mixed with the States recording a marginally better 4.9% unemployment rate and an increase in average hourly earnings.  However the US Trade Balance also came in slightly more negative than expected at -$43.36B.
 
These figures saw the US Dollar loose some ground and the market will be considering the path of US interest rates during 2016. 


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