Disappointing, but not a disaster – August's Nonfarm Payrolls figures have badly disappointed, yet mostly related to the Delta covid variant. That shall pass.
Nonfarm Payrolls (NFP) in the US rose by 235,000 in August, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed July's increase of 1.05 million but missed the market expectation of 750,000 by a wide margin.
The monthly Non Farm Payrolls report in the United States never lacks for drama, but the Federal Reserve’s incipient bond taper has made the expectations...
The US Bureau of Labor Statistics (BLS) will release the August jobs report on Friday, September 3. Following an increase of 943,000 in July...
One million new jobs – when summing up July's better-than-expected 943,000 and the 88,000 upward revision to June's figure, this midsummer Nonfarm Payrolls is sizzling hot.
Nonfarm Payrolls (NFP) in the US rose by 943,000 in July, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed June's increase of 938,000 (revised from 850,000) and surpassed the market expectation of 870,000.
Is the lack of a presidential press conference a sign of strong jobs numbers? In the past two Nonfarm Payrolls reports, the White House pre-scheduled public appearance by President Joe Biden. Both figures missed.
Nonfarm Payrolls (NFP) in the US rose by 850,000 in June, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed May's print of 583,000 (revised from 559,000) and came in better than the market expectation of 700,000.
Another month, another increase that would be tremendous before the pandemic – but now it points to a slow recovery. The world´s largest economy gained only 559,000 jobs in May, below 664,000 expected and under the marginally higher whisper numbers. ADP´s data raised estimates.
Nonfarm Payrolls (NFP) in the US rose by 559,000 in May, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed April's print of 278,000 (revised from 266,000) and came in worse than the market expectation of 650,000.
Are seasonal adjustment responsible for the poor number? That is one explanation used to explain the bitter disappointment in April's Nonfarm Payrolls – an increase of only 266,000 jobs instead of nearly one million expected.
Nonfarm Payrolls (NFP) in the US rose only by 266,000 in April, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed March's increase of 770,000 (revised from 916,000) and missed the market expectation of 978,000 by a wide margin.
EUR/USD has tumbled below 1.17, hitting the lowest since August 20 as Europe struggles with soaring gas prices and China suffers power cuts. ECB President Lagarde said the economy needs help. Fed Chair Powell is set to and US Consumer Confidence is also eyed.
GBP/USD has plunged under 1.3550, the lowest in 10 weeks. Markets are in a sour mood as China suffers from power outages. The British army is on standby to mitigate fuel shortages. The pound ignores the hawkish comments from BOE Governor Bailey.
Gold is off the lows but remains vulnerable amid the underlying narrative the Fed could announce a sooner-than-expected rate hike, as the TIPS market has also started pricing in higher future inflation.
Bitcoin price shows signs of bullish breakout as it traverses a falling wedge. Ethereum price also displays an optimistic outlook as it forms a descending parallel channel.
Apple stock (AAPL) took the rise in bond yields poorly on Monday as tech stocks and the Nasdaq suffered disproportionally. The Nasdaq closed the worst performing index of the day -0.81% while the Dow was actually positive and the S&P 500 lost just over a quarter of a percent.
NonFarm Payrolls report measures the number of jobs added or lost in the US economy over the last month. It is released usually on the first Friday of each month, at 8:30 EST. It is published by the US Department of Labor.
This report is important because the US is the largest economy in the world and its currency (US Dollar) is the global reserve currency. The many economies peg (tie) their currency's value to the reserve currency, many commodities such as gold and oil are priced in terms of the reserve currency and the local economy's debt is priced in terms of its own currency.
The NFP report, because of its importance to the reserve currency, tends to move all markets: currencies, equities, treasuries, interest rates and also commodities. It does it so immediately after the release of the economic data and sometimes so dramatically.
The mission of the DOL is to assure the prosperity of the wage earners, job seekers which includes more than 10 million employers and 125 million workers in the USA. 180 federal laws and several federal regulations are the key of the Departament Labor promotion of benefits and rights.
During NFP data release, spreads first fall apart and recover slowly afterwards as market calms down.
The Non Farm Payrolls report is arguably one of biggest market movers in the Forex. Since the NFP report is scheduled this coming week, I thought it would be good for us to take a closer look at this fundamental giant.
Those who advocate trading NFP releases base their advice on a previous preparation and some fundamental research. The elaboration of some macroeconomical analysis is essential for successful trading.
This research includes averages of past headline NFP numbers, Weekly Jobless Claims, ISM Industry Data reports or other employment reports as the ADP or the Challenger. Tracking these events is fundamental on the preparation of the trades to set up just after the release. You can check all this data on FXStreet Economic Calendar: ADP Report, Initial Jobless Claims, ISM Industry Data.
A lot more skeptical on the benefits of trading the event, as you can read in his article “Step aside the NonFarm Payrolls release”, Adrián Aquaro, President at Trader College, says its importance has decreased a little bit lately:
“Even if the impact has diminished gradually over time, still generates huge attention on the markets and it normally drives important monthly trends. Lately another event (the Fed Monetary Policy Meetings) has been driving similar attention, thanks mainly to the Interest Rates being at 0%.”
A NonFarm Payrolls Forecast is some sentiment-based piece of content that tries to predict what the NFP numbers will be and what impact will they have on the markets. In this page, you'll find some articles and tools that will help you to understand which could be the outlook for ADP Report, Unemployment Rate, Average Hourly Earnings, Labor Force Participation Rate and some other important economic indicators.
The ADP (National Employment Report) is an estimation of nonfarm employment which is based on a survey of thousands of private sector businesses. One of the biggest differences between NFP data and ADP data is the sample and methodology of the study. ADP Jobs Report could show us an anticipation of the NFP's trends. Some outlooks are mainly based on the Jobs Report, in past data and in other related job indicators like Initial/Continuing Jobless Claims.
