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  • The Employment Situation -- February 2021

    From bls.gov

    Total nonfarm payroll employment rose by 379,000 in February, and the unemployment rate was little changed at 6.2 percent, the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic. In February, most of the job gains occurred in leisure and hospitality, with smaller gains in temporary help services, health care and social assistance, retail trade, and manufacturing. Employment declined in state and local government education, construction, and mining. Severe winter weather occurred in much of the country during the February reference | ... (full story)

Added at 8:33am

  • U.S. added 379,000 jobs in February, vs 210,000 estimate

    From cnbc.com

    Hiring surged in February as the U.S. economic activity picked up amid a progressive drop in Covid-19 cases and vaccines provided hope of more growth ahead. The Labor Department on Friday reported that nonfarm payrolls jumped by 379,000 for the month and the unemployment rate fell to 6.2%. That compared to expectations of 210,000 new jobs and the unemployment rate to hold steady from the 6.3% rate in January. Employment growth had flattened over the past two months amid a rise in cases and renewed government-imposed shutdowns over the winter. Still, most economic indicators continued to rise, and first-quarter GDP ... (full story)

Added at 8:44am

great move
Hmmm... this makes one wonder about the need for a 1.9 TRILLION $ stimulus doesn't it?
...because you never know - until you do!
i think this data not too good for usd, unemployment stiil high, so they need stimulus
Great NFP data but the market reading it differently !!!!
Fed starting to buys some more bond or do the twist thing in order to continue the order flow. But its a good thing because they don't have to add more cash into their balance sheet then they probably will ease up on QE and raise the interest rate later... bullish for the dollar for the long term.
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  • | IP XXX.XXX.196.14
if stimulus 1.9T launch then absolutely inflation will be there, actually good economy growth then normally inflation happen, rate hike should be but not in near time, so inflation will bring higher prices, gold, oild could be higher
looks like a bear trap for DXY
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  • | IP XX.XXX.14.182
Gold is in a "downtrend" - no argument, but it absolutely needs elevation now to increase its angle of attack. Still waiting for it to rise today as expected (certainly not on this news - I wonder if anything at all really responds to news - just traders and their imagination I guess). Getting to 1742 will be nice for me, but 1774 would be better still (though doubt it will go that far at this stage). Price is an affine fractal going up or down (i.e. its x, y dimensions differ going up or down and the "shapes" up and down differ), the "shape" going down however is most critical in the early stages of a renewed fall. the "shape" allows price to be traded with more confidence, after a while it is not so smooth trading down - like now. Right now it is getting so that trading it down is too tedious. It needs to rise to make it easier to trade down and as mentioned elsewhere the Fisher Transform indicated a rise before the news - so far rather than rise it is stalled but Fisher is never wrong so will wait.

The Crow (-_-)
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