12:30 · 5 July 2024

BREAKING: US NFP higher than expected but unemployment rise📊US500 gains

US Non-Farm Payrolls (NFP) for June: 206k Expected: 190k vs. 272k previously

  • Change in private employment.136k Expected: 160k vs. 222k previously
  • Change in employment in the manufacturing sector. -8k Expected: 5k vs. 8k previously
  • Unemployment rate. 4.1% Expected: 4% vs. 4% previously
  • Average earnings.3.9% Expected: 3.9% y/y growth vs. 4.1% previously (0.3% m/m growth vs. 0.4% previously)

US short-term interest-rate futures reverse earlier losses and now are mostly up vs before the NFP report. US dollar declines as data showed higher unemployment rate, lower change in private employment and unexpected drop in manufacturing employment change. The US dollar declines slightly and Wall Street sees the today report as quite dovish, despite slightly higher than expected Non-Farm Payrolls change. As for now, US rate-futures traders price in slightly higher chance for September Fed rate cut. 

US500

In the first reaction after NFP data, futures on S&P 500 (US500) dropped slightly, but buyers reversed the sell-off very fast and now Wall Street futures are on slightly higher levels, than before the key US labour market data.

Source: xStation5

Source: BLS, XTB Research, Macrobond

Source: XTB Research, BLS, Macrobond

Source: XTB Research, BLS, Macrobond

6 November 2026, 19:12

Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall

6 November 2026, 15:33

Pick of the week: Can Brent crude stay below $100 per barrel?

6 November 2026, 13:31

BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge

6 November 2026, 12:10

EURUSD loses ground ahead of NFP

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