Sydney Tokyo London New York
real time forex news and technical analysis

Non-Farm Employment Change, the final nail in the coffin

SPX News by Newsroom on 08:39 November 04, 2016 EST

After a horrendous week for stocks Non Farm Payrolls dissapoints on Friday.

The US economy created only 161,000 in the past month, below expectations of 174,000 an just above the previous already soft 156,000.

However, salaries are going higher by 0.4%, above the expected 0.3% and the increase of 0.2% the previous month, which adds pressure for the FED to raise in December despite the softer payrolls we are starting to get used to.

The overall unemployment rate remains steady at 4.9% as anticipated.

Stocks continue weak after the release but the dollar is gaining some ground.


Comments



[x]