Summary:
The US labour market has been showing perplexing trends recently, marked by robust nonfarm payroll growth juxtaposed with a rising unemployment rate.
JUL NFP
2/6/2024 (Fri)
Previous (Jun)：206k Forecast: 178k
The US labour market has been showing perplexing trends recently, marked by robust nonfarm payroll growth juxtaposed with a rising unemployment rate.
In June 206k jobs were added with an average of 222,000 over the past six months, while unemployment rate rising to 4.1%. That may stem from a surge in immigration post-pandemic.
Around two-thirds of the immigrants have participated in the labour force and hence a mismatch between job growth and unemployment rates. In that sense the breakeven NFP growth is trending higher.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
USD/CHF hits 14-year lows as dollar weakness persists; soft US data and Swiss franc strength drive the pair below the key 0.8000 level.
2025-07-01
KOSPI rises 0.58% to 3,089.65 as Asian markets show mixed signals. Hong Kong's Hang Seng falls 0.87% while India's manufacturing hits 14-month high.
2025-07-01
Sterling hovers near a 4-year high amid trade hopes and fiscal concerns, though economic signals suggest a possible pullback.
2025-07-01
