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US job figures better than expected
The latest US Non Farm Payrolls are up 175,000, better than expected, especially given the very cold winter in much of the United States.
Overall the unemployment rate was slightly raised at 6.7%, from 6.6% in January. However, analysts seem encouraged by the positive tone, plus the December and January NFP figures were revised upwards.
Saxo Bank's Head of Macro Strategy Mads Koefoed has been warning that much of the data seen this year so far has suggested a slow down in the US Economy, after a rise in growth to around 4 percent in the last quester of 2013. Now these latest NFP numbers will hearten those predicting a US comeback.
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