“Healthy” US labour market adds more jobs than expected in Feb

Summary: US non-farm payrolls up 275,000 in February, above expectations; previous two months’ figures revised down by 167,000; ANZ: US labour market still healthy; jobless rate rises to 3.9%, participation rate unchanged at 62.5%; short-term US Treasury yields down a little, longer-term yields up slightly; expectations of Fed rate cuts in 2024 firm; employed-to-population ratio slips to 60.1%; underutilisation rate ticks up to 7.3%; annual hourly pay growth slows to...

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