2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
American employment surge is seen rebounding
In April, American job surge rebounded and wages inched up, thus indicating a further tightening in labor market conditions, which could potentially pave the way for the Fed to have interest rates lifted already next month.
According to a Reuters survey of economists, the previous month nonfarm payrolls added by 185,000 jobs, having gained 98,000 in March.
The March revenue, perhaps the smallest in 10 months, was dismissed because payback after January’s and February’s unseasonably mild temperatures pulled forward hiring in weather-sensitive sectors including construction, hospitality and leisure.
The Labor Department is about to publish its closely watched employment report soon on Friday.
Job gains meeting expectations would definitely back the Fed's assentation that the common 0.7% annualized economic surge tempo in the first quarter turned to be transitory, as well as its optimism that economic activity would keep expanding at a moderate pace.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.