US unemployment data – there are fewer grounds for a significant increase in the interest rate

Statistics on unemployment data in the United States this week confirmed its rather high level relative to the forecast values. February values were 3.6% compared to 3.4 in January.

Although employment in the non-agricultural sector has a positive increase of 265 thousand, which is higher than the forecast of 210 thousand, it still has a negative trend compared to last month (January), the growth in which amounted to 386 thousand.

In general, statistics indicate a weak US labor market, which may have a certain impact on the Fed ahead of the interest rate decision.

There are fewer reasons for a significant increase in the rate, because an excessively high rate on it can spur the real sector to release additional jobs due to the difficulties in the work of the economy in such conditions.

Although, considering the results of recent hearings in the US Congress, the head of the Fed, this insignificance in statistics may not play a big role in making a decision on the rate.