fbs fxgiants nfp non farm payroll market analysis expectation fbs fxgiants nfp non farm payroll market analysis expectation

US employment report for October, will be released on Friday at 12:30 (GMT).

  • Non-Farm Payrolls figure: Expected 190k, previous figure 134k.
  • Unemployment rate: Expected at 3.7%, previous reading 3.7%.
  • Average Earnings growth rate: Expected at +3.1% yoy, previous 2.8% yoy.

Overall, if actual figures meet the forecast the indicators could imply a tightening of the labor market, improving further economic developments within the US.

It must be noted, that the event has potentially strong market-moving effects with the US Dollar expected to rally should the figures be released as expected or higher.

A tighter labor market could ease the way for the Federal Reserve to stick to its plan of monetary policy with, its rate hike schedule in place.

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