[INFINOX UPDATE] Non-farm Payrolls disappoint again, but Fed still on course

US Nonfarm Payrolls miss estimates…again

For the second month in a row, the US economy has generated fewer jobs than expected. This comes just as the point at which the members of the FOMC would have been hoping to taper asset purchases with confidence that the economy is in good shape. It may not end up being plain sailing after all.

Here are the highlights from the US Employment Situation:

  • Nonfarm Payrolls fell to 194,000 (500,000 exp) from an upwardly revised 366,000 last month

  • Unemployment