What to expect? Non-Farm Payrolls report by US Labor Department this Friday!

With just two weeks left before the Federal Reserve’s next monetary policy decision, this Friday’s Labor and Unemployment data for the month of June is expected to shake up markets. Considered one of the major indicator that US Federal Reserve policymakers use in their monetary policy decisions, the upcoming Non-Farm Payrolls report will be closely watched by many market participants.

The US economy created fewer jobs than expected in May. According to the US Labor Department, nonfarm payrolls’ previous figure came in at 138,000 jobs while unemployment rate fell to 4.3%. The consensus forecast predicted it to remain unchanged at 4.4%. June’s NFP figure is expected to be 179K, and considering the Fed’s rate tightening actions and recent pull back in its hawkish tones, the release will probably end up changing market sentiment if we were to get a strong surprise in either direction.

Want to learn more about this major market event? Sign up for our special webinar to learn why traders pin the Non-Farm Payrolls to their economic calendar.

The webinar will take place on Wednesday 5 July 2017 at 3:00 PM (GMT +0).

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