US Employment Data To Guide Investors Later This Week

Following a slump in January, stocks bounced back sharply last month, with the S&P 500 ending February at an all-time closing high.
But whether the record streak continues in March will largely depend on the economic data on tap this week.

Recent reports about the job and housing markets, the retail sector and manufacturing have pointed to weakness this winter. Although some of the softness is probably the fault of bad weather, it’s unclear how much is really due to snow and ice. So there are concerns that the economy may indeed be weakening.
This week’s data dump includes reports on personal income and spending, manufacturing activity and construction. But the highlight of the week comes on Friday: the February jobs report.
The past two jobs reports have been disappointing, showing signs of a slowdown in hiring. And February may not be much better.


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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza