In the past 4 months, U.S Non-Farm Employment has declined by 2.6 million. In February, it continued to fall sharply by -651K and job losses were large and widespread across nearly all major industry sectors.
The unemployment figure and job losses were worse than what analysts expected and the Labor Department’s report showed America’s workers being clobbered by a relentless wave of layoffs.
The net loss of jobs in February came after deep payroll reductions in the prior two months, according to revised figures. The economy lost 681K jobs in December and another 655K in January.
March Non-Farm Employment Change and Unemployment Rate figures will be released on Friday, Apr 3.The previous release triggered a 5% fall, within a few hours, in the S&P500.
These two combined news events are expected to have a significant impact on price fluctuations, and might provide excellent profit opportunities!
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