Capstone Forex Trading Online: Non-farm payrolls in the US r
2019-12-09 13:24 from：CAPSTONE author：Jack
Capstone Forex Trading Online: The US Department of Labor announced Friday ’s seasonally adjusted non-farm payrolls increased by 266,000, far exceeding the expected increase of 180,000, and recorded a 10-month high; the unemployment rate in November was 3.5%, lower than Expected 3.6%.
In the United States, the non-farm payrolls increased the most in 10 months, so former GM workers returned to the job market. And the increased recruitment in the medical industry proves that despite the continued downturn in the manufacturing industry, the economy is still expanding modestly.
Despite the decline in corporate investment, the job market remains resilient. However, due to the decline in demand and the shortage of labor, the growth rate of the labor market this year has slowed down compared to the average increase of 223,000 new jobs per month last year. Earlier, the United States government said that in the annual employment revision report released in February next year, it may reduce employment growth by at least 500,000 in the 12 months before March 2019.
Market commentary pointed out that the performance of the non-farm employment in the United States after the November seasonal adjustment was much better than expected. Although the average monthly hourly wage growth rate was only 0.2% lower than expected, on the whole, this is a strong report suggesting that the US economy next year It is expected to continue to strengthen.
Non-agricultural data is such a welcome performance related to the end of the General Motors incident. Last month, the number of people employed in the automotive manufacturing industry fell by more than 40,000. As its negative effects dissipated, it was not surprising that the data rebounded.
After the November seasonal adjustment in the United States, the non-agricultural employment population rebounded sharply, the unemployment rate also remained at a long-term low, and the salary growth rate was slightly lower than expected. This report will give the Fed more reasons to keep interest rates unchanged, and support the Fed's view that the labor market remains strong and can be maintained. Support consumer and economic growth perspectives. Affected by this, stock index futures and the US dollar jumped, and US debt fell.
The November non-agricultural employment report in the United States is consistent with recent data, indicating that the US economy has continued to stabilize, the number of applicants for unemployment benefits has remained at a low level for half a month, service industry activities have expanded, and consumer confidence is at the best level in the expansion period.
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