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NFP Reveals Zero Change in US Employment

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This afternoon's Non-Farm Payrolls ( NFP ) data was shocking to forex traders at the time of its publication. Expectations had priced in a growth of roughly 74,000 jobs, down from last month's 117,000. The actual figure was a big fat doughnut hole in employment change across the United States.

The report revealed zero change in jobs for the past month . That is: no growth, no contraction (i.e. stagnation). Investors were clamoring for safety - thereby driving the USD higher - after the news was published and political pundits are beginning to crawl out of the woodwork chastising President Obama for pushing back his jobs plan speech after a dispute with House Speaker John Boehner (R-OH) after its timing was found to coincide with televised debates between Republican presidential hopefuls.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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