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Unemployment

NFP Smashes Estimates as US Unemployment Rises to 7-Month High

May Jobs Report: NFP Smashes Estimates as US Unemployment Rises to 7-Month High Teaser: NFP rises once more with April’s number seeing an upward revision. The unemployment rate did tick higher further complicating the job of the Federal Reserve ahead of its June meeting. US NFP AND JOBS REPORT KEY POINTS: The US Added 339,000 …

NFP Smashes Estimates as US Unemployment Rises to 7-Month High Read More »

UK Employment Data Mixed as Unemployment Rises, GBP/USD Slides

UK JOBS DATA KEY POINTS: UK Employment Change(FEB) Actual 182k Vs Forecast 160k. UK Unemployment Rate(MAR) Actual 3.9% Vs Forecast 3.8%. Average Earnings incl. Bonus (3Mo/Yr)(MAR) Actual 5.8% Vs Forecast 5.8%. In Real Terms (adjusted for inflation) Wages Dropped by 3% for Total Pay and by 2.0% for Regular Pay. To Learn More About Price …

UK Employment Data Mixed as Unemployment Rises, GBP/USD Slides Read More »

NFP Rises by 253k as Unemployment Falls and Average Hourly Earnings Rise

US NFP AND JOBS REPORT KEY POINTS: The US Added 253,000 Jobs in April, Surpassing the Average Forecast of 180,000 New Payrolls. The Unemployment Rate Dropped to 3.4%, Matching the January Print Which was a 50-year low. The Positive Data Continued as Average Hourly Earnings Increased More Than Expected as Well, Likely to Add to …

NFP Rises by 253k as Unemployment Falls and Average Hourly Earnings Rise Read More »

UK Unemployment Rate Remains Steady at 3.7%, GBP/USD Edges Lower

UK JOBS DATA KEY POINTS: UK Employment Change (DEC) Actual 65k Vs Forecast 52k. UK Unemployment Rate (JAN) Actual 3.7% Vs Forecast 3.8%. Average Earnings incl. Bonus (3Mo/Yr)(JAN) Actual 5.7% Vs Forecast 5.7%. In Real Terms (adjusted for inflation) Wages Dropped by 3.2 Percent, the Largest Decline Since the February to April 2009 Period. To …

UK Unemployment Rate Remains Steady at 3.7%, GBP/USD Edges Lower Read More »

Breaking News – US NFPs Surge to 517k vs 185k Expectations, Unemployment Rate Falls to 3.4%

US Dollar (DXY) Price and Chart Analysis Recommended by Nick Cawley Trading Forex News: The Strategy Most Read: US Dollar (DXY) Latest: The Fed’s Dovish Nudge Sends the US Dollar Tumbling Total nonfarm payroll employment increased by 517k in January, and the unemployment rate fell to 3.4% according to the US Bureau of Labor Statistics. …

Breaking News – US NFPs Surge to 517k vs 185k Expectations, Unemployment Rate Falls to 3.4% Read More »

June Jobs Report – US Economy Adds 372,000 Payrolls, Unemployment Rate at 3.6%

US JUNE JOBS REPORT KEY POINTS: U.S. employers add 372,000 payrolls in June, above expectations of a gain of 268,000 jobs The unemployment rate holds steady at 3.6%, in line with market forecasts Average hourly earnings advances 0.3% on a monthly basis, bringing the annual figure to 5.1% from 5.3% in May Most Read: NFP …

June Jobs Report – US Economy Adds 372,000 Payrolls, Unemployment Rate at 3.6% Read More »

50bps Rate Hike Off the Table as UK Unemployment Rises?

POUND STERLING TALKING POINTS Weakening UK labor market. Upcoming Federal Reserve and BoE Rate decisions. Key cable support looks vulnerable. GBP/USD FUNDAMENTAL BACKDROP Earlier this morning, UK jobs data was released with employment change for March beating estimates while the unemployment statistic missed (see calendar below). Wage growth via average earnings also missed forecasts adding …

50bps Rate Hike Off the Table as UK Unemployment Rises? Read More »

U.S. Economy Adds 390,000 Jobs in May, Unemployment Rate Holds at 3.6%

MAY NFP KEY POINTS: U.S. employers add 390,000 workers in May, versus expectations of a gain of 325,000 jobs The unemployment rate holds at 3.6%, slightly above forecasts Average hourly earnings advances 0.3% on a monthly basis, bringing the annual figure to 5.2% from 5.5% in April Most Read: S&P 500, Nasdaq 100: Dimon Warns …

U.S. Economy Adds 390,000 Jobs in May, Unemployment Rate Holds at 3.6% Read More »

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