Summary:
The US labour market has been showing perplexing trends recently, marked by robust nonfarm payroll growth juxtaposed with a rising unemployment rate.
JUL NFP
2/6/2024 (Fri)
Previous (Jun)：206k Forecast: 178k
The US labour market has been showing perplexing trends recently, marked by robust nonfarm payroll growth juxtaposed with a rising unemployment rate.
In June 206k jobs were added with an average of 222,000 over the past six months, while unemployment rate rising to 4.1%. That may stem from a surge in immigration post-pandemic.
Around two-thirds of the immigrants have participated in the labour force and hence a mismatch between job growth and unemployment rates. In that sense the breakeven NFP growth is trending higher.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Gold traded above $3,100 on Tuesday as tariff uncertainty fueled safe-haven demand, boosting inflation concerns and economic growth risks.
2025-04-02
The Canadian dollar rose Tuesday as investors grew cautious before US tariffs. Oil prices surged amid fears of more sanctions on Russia and Iran.
2025-04-01
Wall Street drops sharply as weak economic data and fears of high inflation weigh on stocks, with Trump’s tariff policies adding to uncertainty.
2025-03-31
