Stock Market Outlook: US Nonfarm Payrolls Exceed Expectations – US Dollar Under Pressure
The highly anticipated U.S. Nonfarm Payrolls were released at 2:30 p.m. today and surprised the markets positively. Instead of the expected 170,000 new jobs, 187,000 were reported. This is an important indicator of the strength of the U.S. economy because it captures the change in employment over the previous month, excluding agricultural jobs. The reaction…