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.

Major NFP disappointment combined with sharp downward revisions

Crucial Non-Farm Payrolls report, showing a consequent miss. With just 73K jobs added vs 110K expected and a brutal downward revision for the prior month, risk assets are selling off sharply. The VIX surging, bonds and gold ralling, and traders now price in greater odds of a Fed rate cut in September.

01-08-2025 13:09 GMT by Elior Manier

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Canada's GDP contracts, US nonfarm payrolls misses forecast

Canada's GDP for May showed a 0.1% decline, identical to the April release. June is expected to be better, with a market estimate of 0.1%. US nonfarm payrolls was much lower than expected at 73 thousand, compared to the market estimate 106 thousand. Still, this was better than the May report of a revised 14 thousand.

01-08-2025 10:25 GMT by Kenneth Fisher