01:30 PM BST, United States - Employment Data for May:
- Nonfarm Payrolls: actual 139K; forecast 126K; previous 147K;
- Private Nonfarm Payrolls: actual 140K; forecast 110K; previous 146K;
- Manufacturing Payrolls: actual -8K; forecast -1K; previous 5K;
- Government Payrolls: actual -1.0K; previous 1.0K;
- Unemployment Rate: actual 4.2%; forecast 4.2%; previous 4.2%;
- U6 Unemployment Rate: actual 7.8%; previous 7.8%;
- Participation Rate: actual 62.4%; previous 62.6%;
- Average Weekly Hours: actual 34.3; forecast 34.3; previous 34.3;
- Average Hourly Earnings: actual 0.4% MoM; forecast 0.3% MoM; previous 0.2% MoM;
- Average Hourly Earnings: actual 3.9% YoY; forecast 3.7% YoY; previous 3.9% YoY;
NFP labor market data once again comes in above expectations. The reading shows a large divergence from Wednesday’s ADP release. Currently, the market is pricing in two full interest rate cuts by the Fed in September and December.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
