Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Non-farm payrolls: employment in the United States has grown at the lowest rate since the end of 2020


November, 01 2024
watermark Economic news

In October, only 12 thousand jobs were created in the US non-agricultural sector, which is significantly lower than the forecast of 113 thousand, according to the US Bureau of Labor Statistics (BLS). 


Job creation slowed in October to its lowest level since the end of 2020, as the impact of storms in the southeast and strikes by workers in several States weakened hiring plans.


This was a sharp decrease from the revised 223,000 jobs in September. At the same time, the unemployment rate remained stable at 4.1%, and labor force participation decreased slightly to 62.6%. The average hourly wage increased by 4% y/y from the previous 3.9%.


Unexpectedly low job growth put pressure on the US dollar, which fell 0.1% to reach 103.80 amid market expectations. Employment indicators play a key role in the decisions of the Federal Reserve System regarding future interest rate changes, which makes such reports important for dollar forecasts.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.