U.S Nonfarm Payroll data released on Friday exceeded market expectations despite the current concerns of a slowing U.S economy and continuous surging inflation competing with strong consumer spending. The question going forward is how this data will affect the Federal reserves interest rate hike path. Despite the concerns around the US economy heading towards a recession, the labour market has remained resilient until now.
U.S Nonfarm Payroll data released on Friday exceeded market expectations | Rebecca Duthie
