Analysts at TD Securities noted that the US labor market momentum remains stuck in low gear, with the economy expected to add a relatively modest 168K jobs in February.
Key Quotes:
“This will only be marginally higher than the equally disappointing 151K jobs created the month before, and it remains well below the relatively brisk 230K average monthly pace of jobs growth last year.”
“The unemployment rate should rise modestly, climbing to 5.0% from 4.9%. The overall tone of this report should be weak, reflecting the slowing in underlying US economic momentum.”
(Market News Provided by FXstreet)