XE Market Analysis: US Job Growth Surges as Wage Growth Disappoints

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OVERVIEW

  • Non-farm payrolls surge at its fastest pace in 1.5 years.
  • UK industrial output rises at a solid pace in January.
  • German industrial production falls for a second consecutive month.
  • Canadian job growth missed expectations, and wage growth decelerated.

HIGHLIGHT

The US employment report showed the economy added 313,000 jobs last month, the largest gain in 1.5 years. However, wage growth slowed more than expected to dampen Fed rate hike expectations.