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November 2, 2018

FXGiants, What to expect from U.S. Nonfarm Payrolls and Unemployment Rate today?

Are you Ready for Friday's NFPs?

fbs fxgiants nfp non farm payroll market analysis expectation

Market focus on US NFP figure on Friday the 2nd of November 2018.

This article is originally referred from FXGiants News.

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.

Original Source: FXGiants News

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