Market Expecting +165K in today’s NFP

It’s jobs week in America.

And the stakes are much higher than usual.

At 8:30 a.m. ET on Friday, the Bureau of Labor Statistics will publish the June employment situation report, aka the jobs report.

The expectations:

Nonfarm payrolls: +165k
(May +175k)

Private payrolls: +175k
(May +178k)

Unemployment rate: 7.5%
(May 7.6%)

While most people are hoping for good news out of the jobs report, economists and market experts seem to be in consensus that they want a “goldilocks” outcome. In other words, they want a good report, but not one that’s so good that it would encourage the Fed to pull the plug on any of its stimulus programs.

Business Insider

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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze

centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu