NFP Results and latest US unemployment rate
Non Farm Payrolls came in at 661k. It was below forecast of 800k to 1 million.
The bigger sectors with larger job gains are:
- Leisure/Hospitality: 318k
- Retail: 142 k
- Healthcare: 107k
This could be indicative of reemployment of staff that were laid off due to the pandemic.
The unemployment rate was at 7.9% - although deemed high, it’s positive news as it’s the first time it has been under 8% since March.
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