jobs report

The American economy added 242,000 jobs, far exceeding expectations of around 195,000; the unemployment rate remained unchanged at 4.9%, the lowest level in 8 years. This reported on Friday, March 4.

Hourly wages in the U.S. decreased 0.12 percent once again putting the possibility of a March Federal Open Market Committee (FOMC) rate hike off the table.

The European Central Bank (ECB) and the Bank of Canada (BoC) are due to deliver benchmark interest rate statements.The BoC reports on Wednesday, March 9 and the ECB on Thursday the 10th.The ECB may announce an extension of its quantitative easing program.

A article was the source for this post.

Published by mikebertelsen

Global market, trade, and financial news. I keep up to date with what I assess is important.

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