The Labor Department published the Non Farm Payroll figures for January at 8:30am this morning. Analysts expectations were averaged around 550k. Less than that would be seen as a positive sign by the market. A figure larger than the expectations was released as the Unemployment rate now stands at 7.6% in the United States.
Massive Layoffs from Corporate America fill the headlines every week, so it was no surprise that the losses would be higher than half a million lost jobs. Since the recession startes the US has lost 3.5 Million Jobs. As current hiring freezes are in effect, the market expect more jobs to be shed in the next NFP, along with revisions to the current figure which could increase the losses reported.
For more United States employment indicators visit FXEconostats Employment Data
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