Well there you go. Last week I said that a bad US jobs report would stimulate the global rally and a good US jobs report would stall it as fears of US rate hikes would return. As it happened the report was so perfect that it lifted everything into ecstasy:
Total nonfarm payroll employment increased by 242,000 in February, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in health care and social assistance, retail trade, food services and drinking places, and private educational services. Job losses continued in mining.
…The change in total nonfarm payroll employment for December was revised from +262,000 to +271,000, and the change for January was revised from +151,000 to +172,000. With these revisions, employment gains in December and January combined were 30,000 more than previously reported.
