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When Non-Farm Payrolls Miss Their Forecast the Market Reacts.

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When Non-Farm Payrolls Miss Their Forecast the Market Reacts.

The U.S. economy has created over 200,000 new jobs a month for the past four years. Since January 2014 job creation has soared to 237,000, a 15-year record.

In December the Federal Reserve raised  U.S interest rates for the first time in a decade. The reason: a hot labor market and jobs.

The outlook for the U.S economy is darkening.  GDP has fallen to 1.4%, wages are stagnant, and core inflation is beyond 2% for the first time in three years. Fed policy has become more and more dependent on good job creation numbers each month.

After February’s disappointing results in retail sales, durable goods, capital spending, and personal income, traders are looking towards the March payrolls this Friday for an indication of stability.

The forecast for March payrolls is 210,000. If it comes in below the dollar will tumble, if better the US Dollar could gain some much needed strength.

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