Summary:
November job creation remains robust, with nonfarm payrolls up by 199k, surpassing the 190k estimate and outperforming October's gain of 150k.
NFP (Changes in non-farm payroll)
5/1/2024 (Fri)
Previous (Nov)：199k | Forecast: 163k
Job creation showed little signs of a letup in November. Nonfarm payroll rose by 199k for the month, slightly better than the 190k estimate and ahead of the Oct gain of 150k.
The unemployment rate declined to 3.7% while average hourly earnings increased 4% from a year ago. Data revisions were to the negative side in 2023 if at all, so the figure could have been overvalued too.
The report comes at a critical time for markets to assess the US economy. Most economists expect a sharp economic slowdown in the fourth quarter and tepid gains in 2024.
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.
Sterling reached its highest since October 2021 after Trump announced new tariffs on Japan, South Korea, and others, effective August 1.
2025-07-08
The Australian dollar steadies as the RBA eyes more rate cuts and trade tensions loom, keeping the AUD trend sensitive to global policy shifts.
2025-07-07
Tesla shares plunged 6% on 1 July amid political tensions and delivery concerns. The volatility highlights ongoing challenges facing the EV giant.
2025-07-07
