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US: Nonfarm payrolls rise 175K in February

FXStreet (Barcelona) - US Nonfarm payrolls grew by 175K in February, following the January increase revised up to 129K, according to data released today by the US Department of Labor. This result is above market consensus of 149K.

The Unemployment Rate climbed to 6.7% from 6.6%, against forecasts of remaining unchanged.

USD/JPY rallies after solid nonfarm payrolls

The USD/JPY immediately after the release of the nonfarm payrolls report which showed the US added 175,000 new jobs in February versus 149,000 expected, while the unemployment rate rose to 6.7% from 6.6% as the labor force increased.
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