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.

May jobs report shows hiring isn’t ready to cool, while layoffs rise

Odds of a June hike from the Fed rose to 32%, up from 22% before the NFP release Robust hiring won't allow dollar to weaken Even with participation rate holding steady, the unemployment rate was able to rise from 3.4% to 3.7% A red-hot labor market remains and that should keep the pressure on the Fed, which will also delay second half of the year recession calls. The May jobs report showed robust hiring, a significant increase in layoffs, and easing wage growth. The last Fed messaging we go

02-06-2023 11:21 GMT by Edward Moya

Markets buoyed by debt ceiling deal but US jobs report was always the main event

A debt ceiling fiasco has been averted late in the day and markets are ending the week on a positive note, as traders turn their attention to the US jobs report. Rarely do you have a situation in which everyone appears to be in agreement but we've seen over the last few weeks that no one at any stage thought a US default was a realistic possibility. Brinkmanship in Washington is part of the theatre of the negotiation but the idea that Congress would ever intentionally allow the US to default is

02-06-2023 08:29 GMT by Craig Erlam