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BREAKING: NFP well above expectations

1:34 PM 2 April 2021

The US economy unexpectedly added 916k jobs in March, compared to 379k increase in February and well above market expectations of 630k. It is the highest increase sine August.  The jobless rate declined  to 6.0% from 6.2% last month.  Average hourly earnings for all employees on private nonfarm payrolls rose to 4.2 % YoY, below market expectations of a 4.5% gain.

EURUSD fell after today's data releases and is heading towards support at 1.1751. Source:xStation5  

 

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