BREAKING: US NFP report slightly higher than expected 🗽US500 gains

2:31 PM 6 December 2024

US Non-farm Payrolls (November): 227k (Forecast 220k, Previous 12k)

  • Private payrolls:194k v 205k exp. and -28k previously
  • Manufacturing payrolls: 22k vs 30 exp. and -46k previously

Unemployment rate: 4.2% vs 4.1% exp. and 4.1% previously

  • US average earnings YoY: 4% vs 3.9% exp. and 4% previously
  • US average earnings MoM: 0.4%vs 0.3% exp. and 0.4% previously
  • US Average workweek hours: 34.3 vs 34.3 exp. and 34.3 previously

Market reacts with pricing more odds (85%) for Fed rate cut by 25 bps on December meeting. Before the data release, it was priced in with 67% probability. US500 gains after the report; US dollar declines.

 

Source: xStation5

 

Source: US Bureau of Labor Statistics (BLS), XTB Research, Bloomberg Finance L.P.

 

Source: US Bureau of Labor Statistics (BLS), XTB Reserach, Bloomberg Finance L.P.

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