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The non-farm payroll data released by the US Bureau of Labor Statistics on Friday showed a decrease in employment in the United States in February. The data for that month was severely impacted by the harsh weather and a strike at a major healthcare institution. Fed's Daly said in an interview with CNBC, "I think this just indicates that previous expectations for stability in the labor market may have been too optimistic. We are also facing the situation where inflation is higher than the target value and the issue of rising oil prices. How long these situations will continue, we do not know, but currently both of our goals are facing risks." Daly added, "I think we shouldn't ignore this report, but it's just a monthly data that doesn't need to be overinterpreted."
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