Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

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: US Labor Market unexpectedly strengthened


December, 02 2022
watermark Economic news

Today, the United States presented important statistics on the Non-farm Payrolls labor market. According to the report, the number of jobs outside the agricultural sector increased by 263 thousand in November. This indicator exceeded the forecasts of analysts who expected growth of only 200 thousand. 


Key points of the report:


  • The number of jobs in the non-agricultural sector increased by 263 thousand (consensus forecast: 200 thousand).

  • In the private sector, the growth amounted to 221 thousand jobs (consensus forecast: 190 thousand). 

  • The unemployment rate remained at the level of last month's data of 3.7% (consensus forecast: 3.7%).

  • The average hourly wage rate m/m increased by 0.6% (consensus forecast: 0.3%). On an annualized basis, the indicator came out at 5.1%, analysts expected 4.6%. 


S&P 500 futures reacted to the fresh report by falling by 1.5%, while the dollar index, on the contrary, sharply strengthened by 1%. The released report reflects the gradual recovery of the United States labor market and supports the Fed on the path of further rate hikes.


The next meeting of the Federal Reserve on the key rate will be held on December 14. It is expected that the regulator will raise the rate again, by 50 bps. At previous meetings, the increase step was 75 bps.


コメントする

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.