Fourth consecutive upward surprise on employment. However, rising labour supply has become dependent on rising female participation. Total employment: 77.4k from 28.3k (revised from 12.9k); unemployment rate: 4% from 4.2% (unrevised 4.2%); participation rate: 66.4% from 66.2% (unrevised 66.2%). January was the fourth consecutive upside surprise for employment. Employment rose 77.4k, much stronger than the […]
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