BREAKING: US NFP report much weaker than expected; unemployment rises. US500 declines 📉

US Non-Farm Payrolls in July came in 114k vs 175k exp. and 206k previously (the weakest since 2021)

US Unemployment rise to 4.3% vs 4.1% exp. and 4.1% previously
US average earnings YoY came in 3.6% vs 3.7% exp. and 3.9% previously (and 0.2% MoM vs 0.3% exp.)
Private payrolls: 97k vs 140k exp. and 136k previously
Manufacturing payrolls: 1k vs -5k exp. and -8k previously

After NFP US interest rates futures price in 50 bps Fed interest rate cuts in September with 60% probability vs 30% probability of 50 bps rate cut before the report. US500 deepens declines after weaker than expected and dovish crucial, US job market data, which may signal that Fed is now 'late' with monetary policy easing. Markets see now as much as 111 bps US rate cuts in 2024.

Source: xStation5

Source: BLS, Macrobond, XTB Research

11 December 2025, 1:33 PM

BREAKING: US jobless claims above expectations🗽

11 December 2025, 11:26 AM

Turkey has decided to lower the weekly repo rate to 38%

11 December 2025, 8:32 AM

BREAKING: Swiss national bank holds the rates! ↔️

11 December 2025, 7:56 AM

Economic calendar: trade balance and jobless claims 🔎

Economic reports

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BREAKING: US NFP report much weaker than expected; unemployment rises. US500 declines 📉

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