US Employment Report on Friday the 5th of October 2018.
This article is originally referred from IronFX News.
US employment report for September, will be released on Friday at 12:30 (GMT).
- Non-Farm Payrolls figure: Expected at 185k, previous figure 201k.
- Unemployment rate: Expected at 3.8%, previous reading 3.9%.
- Average Earnings growth rate: Expected at +2.8% yoy, previous rate 2.9% yoy.
Overall, if actual rates and figures meet the forecast, the indicators could imply a tight labor market despite the expected drop of the NFP figure and tick-down of the Average Earnings growth rate which could allow the Fed to continue at its current rate hike path.
It must be noted that the event has potentially market-moving effects with the US Dollar expected to strengthen, should the figures be released as expected or higher.
Fed Chairman’s Powell comments yesterday, could have raised expectations in the market about tomorrow’s release.
Click here to watch IronFX’s commentary on the US Employment Report.
Original Source: IronFX News