NFP results: US experienced First Decline in 6 years with 33,000 jobs loss

October 6, 2017

U.S. Economy Loses 33,000 Jobs. "First decline in six years."

NFP results: US experienced First Decline in 6 years with 33,000 jobs loss

This article is originally referred from Yadix News

The Non Farm Payroll showed that the U.S. economy lost 33,000 jobs last month, which is the first decline in six years.

The figure is well below the original consensus, and although justified by hurricanes that hit last month, the figure is a bit surprising.

The report offers an indication of how at how workers and companies are fairing in the aftermath of the storms, which slammed Texas and Florida. The expectation was an additional 75,000 jobs last month but the hurricanes in late August and September, took a toll on job creation, now the markets will look to the effects will be permanent.

How the market reacted? Based on the weak results, please make sure your account is protected with enough equity to support your trading.

Original Source: Yadix News

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