What to expect from Non Farm Payrolls today

Today 05/06/2016 at 15:30 we expect data for Non Farm Payrolls from the US. High volatility is expected, so it is good to be careful with the volume by openning positions and place stop orders a bit more remote.

The current value is 215 000 and the forecast is 200,000 new jobs. The unemployment rate is expected to remain unchanged at 5% and the average hourly wage increase by 0.3%. Better data than forecast will support the dollar and by the indices are possible short-term increases and then decreases. Worse data will be negative for the greenback and will support indexes.

Many economists expect the growth of jobs will begin to slow in the coming months, both because of the slow growth of the economy and also because it is moving towards full employment.

“We think it’s going to be 190,000 or a little south. We think the days of 200,000 plus cannot be sustained,” said William Lee, head of North America Economics at Citigroup. Lee said it is increasingly difficult to reconcile weak economic growth with solid job growth, and job growth could start to slow.

Analysts of Goldman Sachs expect an increase in the number of jobs. They take consider ISM nonmanufacturing survey jobs component. Their forecast is for 240,000.

According to Michelle Meyer, chief economist at Merrill Lynch new jobs will be 200,000 and the unemployment rate will remain at 5% level.

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance