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.
Three markets to watch next week (23.10.2026)
Daily Summary: Oil at five-month highs, indices under pressure (23.10.2026)
US Open: Further declines on Wall Street, Brent above 111 USD, AI correction continues (14.10.2026)
BREAKING: France slows down, Germany holds on. Euro falls below 1.12