Comment on Here’s What to Make of February’s ‘Abysmal’ Jobs Reports, According to Wall Street Analysts

Here’s What to Make of February’s ‘Abysmal’ Jobs Reports, According to Wall Street Analysts

Stocks, bond yields and the dollar fell on news the U.S. economy added 20,000 jobs in February, the fewest in more than a year, while worker pay jumped more than economists predicted. With the S&P 500 on track for its worst week of 2019, here’s what strategists are saying about the unemployment report. Kristina Hooper, chief global market strategist at Invesco “The February jobs report was abysmal in terms of non-farm payroll but we have to put it in the context of incredibly strong January nonfarm payrolls.

 

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