Preview: Market Focus on Tonight's US February Unemployment Rate and Nonfarm Payrolls Data, Institutional Preview

**US February Labor Data (Unemployment Rate, NFP) Due Tonight at 21:30 UTC+8 (March 6)** The U.S. February unemployment rate and non-farm payrolls (NFP) figures are set for release tonight at 21:30 UTC+8 (March 6). Below is a summary of forecasts from major institutions and the Reuters consensus: ### Unemployment Rate Forecasts - High-Frequency Economics: +4.2% - ING, ANZ, BNP Paribas, Barclays, Berenberg, Bank of America, Commerzbank, Danske Bank, DecaBank, HSBC, Mizuho, Moody’s Analytics, Deutsche Bank, Nomura, Oxford Economics, Societe Generale, Julius Baer, Credit Agricole, Daiwa, UBS, Morgan Stanley, Santander, Standard Chartered, Westpac: +4.3% - ICBC, Capital Economics, Lloyd’s, Goldman Sachs, ING International, JPMorgan, Pantheon Macroeconomics, Citibank, RBC, SMBC, BNP Paribas (alternate), Credit Agricole (alternate), MUFG, UBS Group: +4.4% - Reuters Expectation: +4.3% ### Non-Farm Payrolls (NFP) Forecasts (in thousands) - High-Frequency Economics: -9K - SMBC: +10K - ING: +15K - Morgan Stanley, Pantheon Macroeconomics: +25K - Deutsche Bank, UBS Group: +30K - Oxford Economics: +35K - ICBC, HSBC: +40K - Goldman Sachs, National Bank: +45K - DecaBank, JPMorgan, Moody’s Analytics: +50K - ANZ, Citibank, MUFG, Societe Generale: +55K - Monex Group, Commerzbank, Santander: +60K - BNP Paribas, Bank of America, Nomura: +65K - Commerzbank, Danske Bank, ING International, Standard Chartered: +70K - Julius Baer, Daiwa: +75K - Capital Economics, UBS: +80K - Nomura, Westpac: +85K - Berenberg, Morgan Stanley: +90K - Mizuho: +100K - DBS Bank: +125K - Reuters Expectation: +59K *Source: FXSOL*