American employers added 475,000 jobs last month, surpassing economists’ estimates and a sharp reversal from January when AD initially posted an unexpected fall in jobs. DXY up +0.20%, EUR USD down -0.22%
- Wednesday’s figures also included a major upward revision of that January decline to 509,000 jobs added from 301,000 jobs lost posted last month.
- The US private sector signaled healthy job growth in February as the Omicron variant wave eased.
- February saw the economic situation improve as the increased virus case counts reported at the start of the New Year started to ease.
- The swift decline in Covid-19 cases has prompted many states and local governments to relax economic restrictions.