Lates News

In a report before the release of the US non-farm payroll on Friday, BeiChen Lin, Head of Canadian Investment Strategy at Russell Investments, said that investors should focus on the broader macroeconomic context when reviewing US employment data. "Employment growth needs to be considered in the overall environment. With US population growth slowing to almost a standstill, even adding 60,000 jobs would still be considered a healthy growth pace." Analysts surveyed by The Wall Street Journal expect the US to add 50,000 new jobs in February, lower than January's 130,000. Lin added, "We believe that steady job growth should be enough to stabilize the labor market and may even lead to a recovery in hiring in the second half of this year."