fbpx
High Leverage FX
  • Home
  • Market News
    • All
    • Economy
    • Forex
    • Markets
    • Opinion
    • Politics
    • Tech
    • World
    UK100 Technical Analysis – BoE watch

    UK100 Technical Analysis – BoE watch

    The Week Ahead

    The Week Ahead

    Silver Technical Analysis – Awaiting a breakout

    Silver Technical Analysis – Awaiting a breakout

    Morning Brief – Yen volatility spikes

    Morning Brief – Yen volatility spikes

    USD/MYR Technical Analysis

    USDMYR Technical Analysis

  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account
  • en English
    ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)en Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishuk Ukrainian
High Leverage FX
  • Home
  • Market News
    • All
    • Economy
    • Forex
    • Markets
    • Opinion
    • Politics
    • Tech
    • World
    UK100 Technical Analysis – BoE watch

    UK100 Technical Analysis – BoE watch

    The Week Ahead

    The Week Ahead

    Silver Technical Analysis – Awaiting a breakout

    Silver Technical Analysis – Awaiting a breakout

    Morning Brief – Yen volatility spikes

    Morning Brief – Yen volatility spikes

    USD/MYR Technical Analysis

    USDMYR Technical Analysis

  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account
  • en English
    ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)en Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishuk Ukrainian
High Leverage FX
No Result
View All Result
Home Market News Markets

Morning Brief – Nonfarm Payrolls Preview

Nathan Batchelor by Nathan Batchelor
December 2, 2022
in Markets
Reading Time: 2 min
0
Morning Brief – Nonfarm Payrolls Preview
492
SHARES
17k
VIEWS
Share on FacebookShare on Twitter

Markets are starting to consolidate after some major moves on Thursday and Friday, ahead of the release of the November monthly jobs report during the US session.

The Non-farm payrolls are expected to show +200,000 versus the consensus of +261,000 in October. The Unemployment rate is expected to be 2.7%. 3.7% is basically the same as in October.

Other analysts are also calling for Average hourly earnings, month-over-month to come in at +0.3% versus +0.3% in October, and Average hourly earnings, year-over-year: +4.6% expected vs. +4.7% in October.

If today’s jobs figures come in on par with analysts’ forecasts, the estimated print will mark the lowest monthly reading in non-farm payrolls since April 2021.

With pre-pandemic levels averaging 150-200,000 jobs added or created per month, the figure would reflect a healthy snapshot of labour conditions based on historical trends.

Yesterday’s ADP report was also a warning of what could come today. The release, which serves as an imperfect precursor to the government’s official numbers, showed private companies added 127,000 jobs in November, nearly half of the prior month’s number and below an estimate of 190,000.

Last month, the US economy added a stronger-than-expected 261K jobs in October of 2022, above market forecasts of 200K. Although it is the weakest reading since December 2020, figures continued to point to a strong albeit slowing labour market, as worker shortages persist.

Figures for September were revised higher by 52K to 315K. In October, notable job gains occurred in health care, namely ambulatory health care services, nursing, and residential care facilities, hospitals, and professional and technical services.

Also, the manufacturing sector unexpectedly added 32,000 jobs, with some investors expecting a fall; and the leisure/hospitality sector added 35,000 jobs. Monthly job growth has averaged 407,000 thus far in 2022, compared with 562,000 per month in 2021.

Nomura investment bank is also predicting, alongside other major financial institutions that the American jobs situation is going to worsen dramatically last month.

Nomura states that “Nonfarm payroll employment growth likely slowed to 180,000 in November from 261,000 in October” and “evidence continues to build that increasing uncertainty is affecting hiring activity.”

Tags: ADPNon-farm payrollus economy
Previous Post

Asian equities could trade mixed after dovish speech from Powell and month-end price action

Next Post

Gold Technical Analysis - Trend test

Nathan Batchelor

Nathan Batchelor

Related Posts

UK100 Technical Analysis – BoE watch
Markets

UK100 Technical Analysis – BoE watch

January 30, 2023
The Week Ahead
Markets

The Week Ahead

January 30, 2023
Market Insight – The Trading Week Ahead
Markets

Market Insight – Top Sentiment Trades This Week

January 26, 2023
Morning Brief – Market moves subdued ahead of US data
Markets

Morning Brief – Market moves subdued ahead of US data

January 26, 2023
Market Insight – The Trading Week Ahead
Markets

Market Insight – Top Sentiment Trades This Week

January 25, 2023
Morning Brief – Antipodean currencies the main mover
Markets

Morning Brief – Antipodean currencies the main mover

January 25, 2023
Next Post
Gold remain steady at $1,800, with investors in “wait and see” mode

Gold Technical Analysis - Trend test

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Market Overview

UK100 Technical Analysis – BoE watch

UK100 Technical Analysis – BoE watch

by Nathan Batchelor
January 30, 2023
0

The FTSE100 has started to move lower over the past week as traders book profits ahead of the...

Categories

  • Economy
  • Forex
  • Gadget
  • Markets
  • Opinion
  • Politics
  • RSS Feed
  • Startup
  • Tech
  • Trading Signals
  • Uncategorized
  • World

Site Navigation

  • Home
  • Market News
  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account
High Leverage FX

We aim to bring you the most update and actionable information so that you can trade the financial markets with confidence and security

We are social

  • Home
  • Market News
  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account

© 2019 High Leverage FX - All Rights Reserved.

No Result
View All Result
  • Home
  • Market News
    • Forex
    • Economy
    • Opinion
    • World
    • Markets
    • Politics
  • Economic Calendar
  • Trading Signals
  • About Us
  • Free Demo Account
en English
ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)en Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishuk Ukrainian

© 2019 High Leverage FX - All Rights Reserved.

Please share your location to continue