Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Non-Farm Payrolls: fresh data from the US


July, 07 2023
watermark Economic news

Job growth in the US slowed after a sharp surge in the previous month, exceeding expectations, but the labor market remains tense. The unemployment rate has fallen from a seven-month high, and strong wage growth continues.


The Ministry of Labor in its Non-Farm Payrolls report reported that the number of people employed in the non-agricultural sector increased by 209 thousand jobs last month. The data for May were adjusted down to an increase in employment by 306 thousand instead of the previous estimate of 339 thousand.


Economists on average predicted an increase in the number of employed by 225 thousand people. To maintain the growth rate of the working-age population, it is necessary to create from 70 to 100 thousand new jobs every month. 


The unemployment rate dropped from 3.7% to 3.6%. And while job growth is slowing, the labor market remains resilient despite the Fed raising interest rates by 500 basis points since March 2022.


The average hourly wage increased by 0.4% last month, and over the past 12 months it has increased by 4.4%. However, annual wage growth is still too high to meet the Fed's 2% inflation target. In this regard, the US Central Bank is likely to resume raising interest rates later this month.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.