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What to expect from Non-Farm Payrolls
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Loading...The US labor market provided solid data since the beginning of the year. Employment is rising and unemployment has fallen to record low levels. The country's economy continues to expand - consumer confidence is strong, household spending rises, and global growth is helping US exporters. Today we expect the data to continue its rise. Expectations are that newcomers will increase by 180,000, unemployment will fall to 4.3%, and hourly pay increases by 0.3% on a monthly basis.
Investors of stocks and bonds expect the economy to continue to grow. 30 minutes after each NFP report, S&P rose and yields on 10-year bonds fell 5/7 months.
Most analysts expect today to see a decline in the NFP
Due to high employment, employers do not feel the need to raise hourly wages in order to attract workers, as the current rate of rise in average wages has been before the last recession.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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