US Non-Farm Payrolls Talking Points:
- Non-Farm Payrolls out of the US rose 225k for the month of January, beating/falling short of the expectation of 165k.
- US Dollar[1] continues bullish 2020 momentum on US Non-Farm Payrolls[2].
US Non-Farm Payrolls Beats The Expectation
The Bureau of Labor Statistics released their monthly measure of the US jobs market this morning. NFP[3] (Non-Farm Payrolls) reflects the surveyed net change in US employment excluding farm workers, non-profit organization and private household employees. This month brought a change of 225k versus the expected 165k, coming in following a poor finish to 2019[4].
The NFPs is one component of the broader Employment Situation report that includes additional measures such as the unemployment rate and average hourly earnings figures. These prints came in above/below expectations at __.__% and ____, respectively. Manufacturing payrolls in the US rose by ___k, complementing Monday’s ISM manufacturing report[5] which beat the expectation./ Manufacturing payrolls in the US fell by ____k. This contradicts Monday’s ISM Manufacturing sector report[6] which beat the expectation and marked a turning point in the recent manufacturing lull out of the US.
DailyFX[7] provides forex news and technical analysis on the trends that influence the global currency markets.
