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
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
The US dollar gained slightly after the release, but then pared gains. Equity futures advanced as well while gold prices plunged initially. Source: xStation5
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.
