The US labor market report for February presented a mixed picture, showing nonfarm payrolls rise by 151,000, close to expectations but insufficient to alleviate growth concerns. While the three-month job gain average remains strong at 200,000, rising unemployment to 4.1% and a decrease in labor force participation at 62.4% underscore vulnerabilities. Average hourly earnings growth moderated, suggesting no immediate inflation risk from the labor market. The ongoing trade uncertainty and volatility in the household survey contribute to an overall atmosphere of caution regarding economic prospects.
The February US labour market report saw a modest increase in nonfarm payrolls and a rise in unemployment, indicating underlying concerns about economic growth.
Markets ended a volatile week with mixed results, reflecting ongoing uncertainties over growth despite a labor report that aligned with expectations but raised caution.
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