The US jobs report was slightly weaker than expected on net, mostly via big downward private payroll revisions that were offset by a stronger government jobs trajectory, and a weak hours-worked path thanks to a big downward January revision. Payrolls rose by a sturdy 311k in February after -34k in revisions, but private payrolls rose by just 265k after -94k in revisions.
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Andria Pichidi
Market Analyst
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