While recent data has reignited fears about an economic recession, with JOLTs job openings at an almost two-year low and increasing initial jobless claims, outlooks for NFP numbers are not so bright. On the other hand, the data suggests a return to more normal conditions in the US labor market and not a weak job […]
While we are waiting for NFP numbers on Friday, in recent days, market participants have been following the ADP and JOLTs data and Mr. Powell’s semi-annual monetary policy testimony to the Senate Finance Committee. On Tuesday and Wednesday, Mr. Powell answered the questions in the Senate. Mainly he emphasized inflation and the labor market. He […]
Is that the end of the bulls’ story for now? The gold price rose on Wednesday and Thursday after Fed decisions and USD weakness, but we have many signs there that it can be the end for now, and seeing the gold price above 2,000 US dollars, even though it seems probable, takes more time. […]
Ahead of NFP data, let us review other important labor market numbers that we have had this week. JOLTs’ Job Openings on Wednesday were the first data we had; it showed an increase in the number of unfilled vacancies. December JOLTs openings raised again to 11.012M from 10.449M in November. Then on Thursday, we had […]
PMI and other economic data show that economic activities have decreased in recent months. At the same time, we cannot see the direct reflection of these data on the Labor market, which likely means that we will have a delayed response than saying the economic condition is good. While Wednesday’s published JOLTs Job Openings for […]
The year starts with NFP Happy New Year. We are in IFC Markets wish you a great year ahead. This trading week starts on Tuesday, as Monday is the New Year holiday in most parts of the world. After disappointing data in the last months of last year, investors hope to start 2023 with more […]
Given the different surprises in recent days in the economic calendar, we can not have an exact analysis of tomorrow’s non-farm payroll numbers. However, based on published data so far, we can not expect an upward surprise. The last signal before the Fed meeting With Thursday’s published initial Jobless claims numbers, the 4-week moving average […]
The US Bureau of Labor Statistics (BLS) will release the October jobs report on Friday, November 4, while just two days ago, we had FOMC monetary policy meeting, where Fed officials confirmed that the US labor market improvement was significant and acceptable. For September, the consensus expectation of 250,000 jobs, was beaten by 63,000 more […]
FED and NFP After last week’s central banks’ meetings in Europe, Canada, and Japan, in the week ahead, central banks’ policymakers in the US, UK, and Australia will get together to create another huge week. However, eyes mostly will be on the Federal Reserve, earnings, and then on Friday US NFP numbers. Last week’s decisions […]
Employment reports this week started on Wednesday and with ADP report, which was better than expected, and confirmed that the labor market is healthy. ADP Nonfarm Employment Change in September at 208K, was much better than 200K estimates and 185K in August. Expectations are different with weekly reports On Thursday, the September report showed that […]
