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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (24907)3/4/2005 8:49:14 AM
From: mishedlo  Read Replies (1) of 116555
 
U.S. Feb nonfarm payrolls up 262,000, above expectation By Greg Robb
WASHINGTON (MarketWatch) - The U.S. economy added 262,000 jobs in February, the Labor Department estimated Friday. This is the largest monthly increase in payrolls since October. In the separate household survey, the unemployment rate rose to 5.4 percent in February from 5.2 percent in January. Economists were expecting payrolls to grow by about 221,000 in February and for the unemployment rate to remain at 5.2 percent. Gains in nonfarm payrolls in January and December were revised up by a total of 6,000. Average hourly earnings were unchanged at $15.90. The average workweek was steady at 33.7 hours.
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Little reaction in treasuries or Eurodollars
UP slightly.
Market had priced in more with all the jobs hype as we discussed yesterday

Mish
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