Nonfarm Payrolls Preview: Banks see a still quite strong labour market NFP Employment DollarIndex Macroeconomics Banks
expected to fall a tick to 3.6%. Average Hourly Earnings are also seen a tick lower to 4.2% year-on-year.The labor market is probably neither as strong as the job gain suggests, nor is it just collapsing as other indicators signal. Accordingly, we forecast a job gain of 240K in the June report, which would be less than in May, but still well above the 100K expected on trend based on population trends.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
United States ADP Nonfarm Employment Change⚠️BREAKING: *U.S. JUNE ADP NONFARM PAYROLLS RISE BY 497,000; EST. 228,000; PREV. 278,000 *BIGGEST MONTHLY INCREASE SINCE DECEMBER 2022 🇺🇸🇺🇸
Read more »
Dow slides 400 points after strong jobs data prompts fear of more Fed tightening ahead: Live updatesDow falls 300 points after strong jobs data prompts fear of more Fed tightening ahead: Live updates
Read more »
Disney Villains: Maleficent #3 Preview: Mercy or Murder, Crow's ChoiceFeather your nest with Disney Villains: Maleficent 3 this Wednesday. Will the crow choose murder or mercy in The Forbidden Kingdom? NewComicDay DisneyVillains Maleficent3
Read more »
Draculina: Blood Simple #4 Preview: Unholy Family Feud Heats UpGet ready for the bloodiest family gathering in 'Draculina: Blood Simple 4'. With fallen angels and brutal sibling rivalry, you wouldn't want to miss out on this gory spectacle. NewComicBookComing Vampirella Draculina
Read more »
Gargoyles #7 Preview: Is Brooklyn Prepared for This Level of Drama?Witness the drama unfold in Gargoyles 7. New storylines, unfolding power struggles, and a Gargoyle-sized identity crisis! Be the first to explore it on July 5th. Gargoyles ComicPreview
Read more »
FOMC Minutes Preview: More than hawkish?The US Federal Reserve (Fed) will release the minutes of the Federal Open Market Committee’s (FOMC) June 13-14 policy meeting at 18:00 GMT on Wednesda
Read more »