Non-Farm Payrolls beats 128K, significant upward revision USD surges
Friday, 1 November 2019 20:04 WIB | ECONOMY |US PayrollsNon-Farm EmploymentEkonomi AS

The US economy has gained 128,000 jobs in October, substantially better than expected. Moreover, it comes on top of an upward revision to September's figures “ 180,000 against 136,000 reported initially. August was also revised, by 51,000. Combined, they total a whopping 95,000 jobs.

The jobless rise is up to 3.6% as expected and it is accompanied by a participation rate of 3.3%. Gains in food and services pushed employment higher. A substantial fall in manufacturing jobs is the result of the strike in General Motors “ fully priced in by investors.

Wages are up 0.2% monthly and 3% yearly, within expectations.

The US Dollar is on the rise. EUR/USD is falling from around 1.1150 to 1.1130. GBP/USD is down to below 1.2950, and USD/JPY is up to 108.20.

October's Non-Farm Payrolls report was expected to show an increase of only 89,000 jobs after 136,000 in September. The main reason for the downward drag stems from the long strike at General Motors. Nevertheless, the broader picture is of a gradual slowdown in net increases.

Wage growth was forecast to rise by 0.3% monthly and 3% yearly, better than the disappointing figures in September. The Unemployment Rate carried expectations for a minor rise from the 50-year low of 3.5% last time to 3.6% now.

Source : FXstreet

RELATED NEWS

ISM Manufacturing PMI improves to 43.1 in May vs. 43.6 expected
Monday, 1 June 2020 21:32 WIB

The economic activity in the US' manufacturing sector contracted at a softer pace in May than it did in April with the ISM's Manufacturing Purchasing Managers' Index (PMI) improving to 43.1 from 41.5. This reading came in slightly worse than the market expectation of 43.6. Further details of the p...

U.S. GDP Contracted 5% in First Quarter Instead of 4.8%
Thursday, 28 May 2020 19:53 WIB

The U.S. economy contracted at an annual 5% pace in the first quarter instead of 4.8%, revised government data show. A downward revision to inventory investment mostly accounted for the downward revision, the Commerce Department said. Looking ahead, economists surveyed by MarketWatch predict GDP wi...

Australia Second-Quarter Employment Fall May Now Be 15% Vs Earlier 20% Estimate
Thursday, 28 May 2020 08:20 WIB

Australian employment in the June quarter may have fallen by only 15% from a year earlier, less than a previous 20% estimate, as there are signs of job increases in the industries most affected by the novel coronavirus, the central bank chief said on Thursday. Reserve Bank of Australia (RBA) Govern...

U.K. Retail Sales Fall by a Record 18% in April, Clothing Sales Slump 50%
Friday, 22 May 2020 13:44 WIB

A nationwide lockdown due to the coronavirus outbreak triggered a record fall in U.K. retail sales in April, the Office for National Statistics reported Friday. The volume of sales fell 18.1% in April on the year, the biggest monthly drop on record, following a slide of 5.2% in March. All sectors s...

IHS Markit : Latest U.S. PMI Data Indicate Rate Of Collapse In U.S. Economy Peaked In April
Thursday, 21 May 2020 21:27 WIB

U.S. private sector firms reported a slightly slower rate of contraction in activity in May, according to latest PMI data from IHS Markit. The firm said its flash manufacturing purchasing index rose to 39.8 in May from 36.1in April. Meanwhile the flash services purchasing managers index rose in May...

ANOTHER NEWS
Stocks Open Mostly Higher as Investors Focus on Economic Reopening Versus Civil Unrest
Tuesday, 2 June 2020 20:51 WIB U.S. stocks mostly rose Tuesday, looking to extend the previous session's gains as investors appeared to focus on the reopening of the economy while looking past the civil unrest gripping the nation. The S&P 500 was up 0.3% to 3,063. The Dow...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.