bull market

The latest US jobs data has just been released, with the non farm payroll figure coming in at 151,000.

This is a steep drop from last month’s unexpectedly high figure of 292,000, and far lower than the figure of 190,000 expected by analysts prior to the release.

This weak figure is likely to deter the Fed from raising rates in the near future and is a disappointing number for those hoping for some good economic news. This figure comes at the end of a week where the dollar fell 3 percent against other major currencies, and after a spate of figures showing that a global economic downturn may be on the cards.

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