Nonfarm Payrolls have the answer to how cool the US labor market has become, reshaping expectations for interest rates and rocking markets.
Join us for live coverage of the all-important NFP. FXStreet Premium allows subscribers to participate in the coverage and ask analysts questions live. Why Nonfarm Payrolls matter for markets Nonfarm Payrolls is the official US labor market report, usually published on the first Friday of the month. The Federal Reserve has two mandates: price stability and full employment – and the latter is measured by this report.
Other employment data released earlier this week mostly pointed lower: ADP's private-sector labor report for May missed forecasts, and the JOLTs publication for April showed the softest hiring since 2021. A small uptick in the employment component of the ISM Services PMI partially offset the weak data.
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