Today’s non-farm payrolls figure matters even more than usual, coming at the end of a rocky week for markets.
Concerns about the health of the US economy are mounting amid uncertainty over the Trump administration’s tariff policies and the scale of aggressive job cuts imposed by the so-called Department of Government Efficiency, headed by Elon Musk.
The February NFPs should give a little insight into how the clampdown is affecting the strong US labour market.
Economists are not too concerned — those polled by Reuters are forecasting 160,000 job gains, a stronger figure than January’s first estimate of 143,000.
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