Increased number of jobs but weakness in wages

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD, Daily The US jobs data revealed encouraging upside surprises for the payroll and household employment figures, but substantial weakness in the hours-worked, workweek, and wage figures that lowered our forecasts for the month. The mix reversed the January pattern of weakness in payrolls but strength everywhere else, leaving establishment data for Q1 overall that are still a positive signal for GDP growth on net, and with what is now a sharp five-month upturn in the household data that

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