NFP report for January was a key macro report of the day and was released at 1:30 pm GMT. Report was expected another month of robust jobs growth as well as a downtick in monthly wage growth, compared to December. However, actual report turned out to be a massive hawkish surprise!
Jobs growth came in almost twice as high as the market was expecting, while wage growth accelerating significantly. Unemployment rate stayed unchanged at 3.7%, in spite of an expected uptick to 3.8%. Summing up, there is nothing in the report that could justify quick rate cuts from Federal Reserve!
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือMarket reaction to the release was hawkish as well - USD surged, while Wall Street indices and GOLD slumped.
US, NFP report for January
- Non-farm payrolls: 353k vs 180k expected (216k previously)
- Two-month revision: 126k
- Private payrolls: 317k vs 150k expected (164k previously)
- Unemployment rate: 3.7% vs 3.8% expected (3.7% previously)
- Wage growth (monthly): 0.6% MoM vs 0.3% MoM expected (0.4% MoM previously)
- Wage growth (annual): 4.5% YoY vs 4.1% YoY expected (4.1% YoY previously)
Source: xStation5
