Non-farm payrolls (NFP) news

Stay ahead of the curve with our dedicated non-farm payrolls (NFP) page. This crucial economic indicator provides a snapshot of US employment, excluding agricultural workers, and has a significant impact on financial markets. Here, you'll find up-to-the-minute coverage of NFP releases, including expert analysis of the data, its implications for the Federal Reserve's monetary policy, and its influence on various asset classes. Explore forecasts, understand market reactions, and gain insights into the broader economic trends revealed by this key report.

ADP report is another huge blow to Fed pause hopes, jobless claims in line

Federal Reserve policymakers may well be dreading tomorrow's jobs report now after today's ADP number once again obliterated estimates, coming in more than double the consensus forecast. That's almost become the norm on payrolls day but FOMC policymakers, along with investors, may have been hoping the tide would now turn after such as intense tightening cycle over the last 18 months. But if the ADP report is anything to go by, we're headed for another red-hot jobs report. If a rate hike this mon

06-07-2023 10:32 GMT by Craig Erlam

Aussie pares gains as US ADP jobs report sparkles

Australia posts strong trade surplus US ADP employment surprises with massive gain US unemployment claims and ISM Services PMI will be released later on Thursday Thursday has been a busy day for AUD/USD. The Australian dollar rose after a strong Australian trade balance report but has reversed directions following a sparking US ADP employment release.

06-07-2023 09:21 GMT by Kenneth Fisher