As I expected non-farm payrolls came out yesterday at -36.000 for February vs. -50.000 consensus and a revised -26.000 figure for January. Unemployment rate was unchanged at 9.7% vs. 9.8% consensus. We could say that the job losses for U.S. economy are approaching its end. Chart 1. Unemployment Rate & Non-Farm Payrolls Change

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Outstanding consumer credit rose annualized 2.4% in January following a annualized 2.2% decline in December. January increase in consumer credit ended a 15 month long negative streak. Table 1. Consumer Credit

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