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Koefoed: Non Farm Payrolls - proof that US is seeing proper expansion

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January non-farm payrolls suggest 257,000 jobs were added in the US last month. The number was above consensus, around 230K, and welcomed by markets increasingly lookingto the States for leadership.
Mads Koefoed, Head of Macro Strategy at Saxo Bank, gives us his reaction and analysis.     
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* January Non-Farm Payrolls: 257K vs 230K expected and 329K prior (revised from 252)
* Unemployment rate up 0.1 to 5.7%
* Average hourly earnings +0.5% m/m, 2.2% y/y