The most anticipated US jobs data is here again

The most anticipated US jobs data is here again

The most anticipated US jobs data is here again!

United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on October 8, 15:30 GMT+3.

What will happen?

United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on October 8, 15:30 GMT+3. This is the most important and meaningful labor data, that shows the overall economic health. Nonfarm payroll employment is a compiled name for the employees of goods, construction, and manufacturing companies in the US. It does not include farm workers, private household employees, or non-profit organization employees.

Why is it important?

NFP data is important because it is released monthly, making it a very good indicator of the current state of the economy. Average hourly earnings is a leading indicator of consumer inflation – when businesses pay more for the labor the higher costs are usually passed on to the consumer. The number of unemployed people is an important signal as well because it shows the consumer spending expressed not in money, but in the labor force.

These three readings have created a sharp rise in gold in September 2021, soaring the price by 2100 points, because the weak figures pull the USD down and push gold up.

3.png

How to trade on the NFP data?

This data will make a great impact on different assets, including gold, USD-related pairs, and the stock market, especially S&P 500 index.

  • If the actual NFP data will exceed expectations – XAU will fall.
  • Otherwise, rise.

Check the economic calendar

Instruments to trade: XAU/USD, EUR/USD, USD/CAD.

LOG IN

Similar

Latest news

Gold and Stocks Keep Rallying
Gold and Stocks Keep Rallying

S&P 500 and Nasdaq are still near all-time highs, supported by robust corporate earnings. Gold keeps moving inside the ascending channel.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera