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Employment growth at U.S. companies

Employment growth at U.S. companies | 31 March 2022

31 March 2022, USD/JPY

Employment growth at U.S. companies

USDJPY trading plan:

Employment growth at U.S. companies in March advanced strongly, indicating higher wages are helping firms fill a near-record number of vacancies. The broad-based 455,000 gain in payrolls followed a revised 486,000 increase in February, ADP Research Institute data showed. The data are consistent with the Federal Reserve’s view that the labor market is robust and competition for workers remains intense, with many employers offering higher pay to woo job candidates. Fewer pandemic-related health concerns may also be encouraging more Americans to return to the job market as soaring inflation dents household finances.

Investment idea: buy 121.68 and take profit 122.50.

David Johnson
Analyst of «FreshForex» company
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