Today, we have Nonfarm Payrolls (Feb).
- Because Fed Chair Powell said he closely monitors labor market, institutional investors must be sensitive to the number.
- But recently, there have been adjustment to the number after release. So, we should be careful in case there is adjustment again.
- Initial jobless claims had been slowly decreasing -> higher possibility Nonfarm Payroll increased.
- If you compare Nonfarm Payrolls of Jan's and Feb's in the previous years, Feb's was higher most of the time. (higher 8 times in a decade)