The August release of this important employment measure was a loss of -84k jobs. Analysts are forecasting that September’s losses could be higher, some hinting at -150 less jobs due to the current uncertainty surrounding the US Economy.
The graph shows how US employment have been hit by the effects of the Housing recession starting all the way back to August of 2007. As the economy cooled and more Financial Institutions reporter further losses, the US workforce contracted. The Non Farm Payroll is one of the most important economic indicators in Forex Trading, but this Friday’s is potentially more important because it could coincide with the US House of Representatives vote. That is if, the bill passes today’s vote in the Senate.
For more United Sates employment data, and other major economic indicators please visit FXEconostats
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