The US non-farms payroll data for January just came in.
The data from the U.S. Bureau of Labor Statistics was expected to show 180,000-190,000 workers were hired but the number came in light at just 113,000. The unemployment rate was expected to remain unchanged at 6.7% but came in at 6.6%, the lowest since October 2008.
Dow futures were up around 35 points before the news, and are now down 57 points.
Contrarian Investor UK
by contrarianuk
January 2014 US non-farm payroll data comes in light
Feb 7, 2014 at 1:41 pm in Market Commentary by contrarianuk
The US non-farms payroll data for January just came in.
The data from the U.S. Bureau of Labor Statistics was expected to show 180,000-190,000 workers were hired but the number came in light at just 113,000. The unemployment rate was expected to remain unchanged at 6.7% but came in at 6.6%, the lowest since October 2008.
Dow futures were up around 35 points before the news, and are now down 57 points.
Contrarian Investor UK