Read more
1:37 PM · 5 June 2020

BREAKING: NFP report shows unexpected addition of 2.5 million jobs!

-
-
Open account Download free app

The NFP report for May has just been released. Data  was expected to show another month of massive multi-million lay-offs. However, report turned out to be a massive surprise to everyone. Details of the report:

  • Change in non-farm payrolls: +2509k (exp. -8000k)

  • Unemployment rate: 13.3% (exp. 19.7%)

  • Wage growth: 6.7% YoY (8.6% YoY)

It should be said that real market expectations were probably lower after an ADP report suggested a drop in employment of "just" 2760k in May. However, the reading is impressive. Stock indices surged on the release with US500 reaching 3,150 pts. US dollar also caught a bid with EURUSD pulling back from 1.1330 to below 1.1300.

NFP report showed an unexpected 2.5 million increase in jobs in May in spite of ADP data suggesting a drop. Source: Bloomberg

30 March 2026, 8:30 AM

Economic Calendar: German CPI in the Spotlight (30.03.2026)

30 March 2026, 6:54 AM

Morning Wrap: Markets Show Signs of Recovery After the Weekend; What Will the Week Bring❓ (30.03.2026)

27 March 2026, 3:31 PM

US OPEN: Wall Street declines deepens

27 March 2026, 3:13 PM

The Michigan Sentiment Index highlights concerns about a short-term spike in U.S. inflation💡

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits