US NFP Forecasted to Report 150,000 New Jobs

February’s job gains were likely once more chilled by bad winter weather, and even March’s employment report could be slushy.

Economists expect to see 150,000 nonfarm payrolls added in February, when the government data is released Friday at 8:30 a.m. EST.

They are also watching to see if January’s unemployment rate of 6.6 percent is revised to 6.5 percent, a level the Fed set as a threshold where it could consider raising short-term rates. Fed officials maintain that level is not a trigger, but it will be watched nonetheless since the Fed has not dropped the language.

via CNBC

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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