Coming Up: US Non-Farm Payrolls Data

Focus on the US Non-Farm Payrolls today! The US Jobs Report will be released at 12:30 p.m. (GMT).

Why Is This Important?

The Non-Farm Payrolls track the change in the number of people employed by the US in manufacturing, construction, and goods companies. It does not include farming industry employment. The US Jobs Report is so important for the upcoming Fed decisions.

This week, the Fed 50 basis point hike was the largest since 2000 as policymakers urgently tried to tamp down inflation. But Chair Jerome Powell told reporters afterward that Fed members are not actively considering 75-bp moves in the future.

The euro pulled back from a one-week high against the U.S. dollar on Thursday after German industrial orders fell more than expected in March, signaling Europe was facing growing headwinds from the war in Ukraine.

US Nonfarm Payrolls are expected to rise 380K in April versus 431K in the previous month. The Unemployment Rate is expected to move down to 3.5%. Average hourly earnings are expected to come out 5.5%, year on a year basis

06 May 22 (Fri)

04:15 am