Action Insight Mid-Day Report Dollar Spikes Lower after Another Month of Non-Farm Payroll Contraction Dollar spikes lower in early US session, after data shows another month of contraction in the US job markets, raising concerns of recession in the economy. Non-farm payroll dropped another -63k Feb, following downwardly revised -22k in Jan. This is the second consecutive months of contraction in NFP, and the biggest drop since Mar 03. Though the unemployment rate also fell from 4.9% to 4.8%,
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Friday, March 7th, 2008 at 5:24 pm
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