U.S. equities rallied sharply at the end of last week as did the dollar, despite the NFP disappointment. The headline number for the rise in jobs came short of analysts’ expectations, “164K vs. 193K forecast,” but the previous month’s figure was revised up by 32,000. Average hourly earnings also came in below expectations, growing by 2.6% YoY. The bright spot was the unemployment rate which dropped to an 18-year low at 3.9%.
From:: Resource Investor