The long-awaited payrolls figures from the United States have just been released. The labour market report for June came in above expectations as the headline nonfarm payrolls stood at 850k versus the consensus estimate of 700k.
Change in nonfarm payrolls came in above the consensus estimate. However, the unemployment rate rose to 5.9%, which might actually be a worrying signal. Source: Bloomberg
This time the difference between the ADP and NFP numbers is marginal. Both reports topped expectations. Source: Macrobond, XTB Research
The US dollar gained slightly after the release, but then pared gains. Equity futures advanced as well while gold prices plunged initially. Source: xStation5
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