Welcome to Tuesday!
US Nonfarm Payrolls, Average Earnings and Unemployment Rate
|US labor market figures released in September disappointed the market. All three releases missed forecasts: wage growth slowed down from 0.3% to 0.1%, jobs growth (NFP) was 156K versus 180K expected, and the unemployment rate rose from 4.3% to 4.4%.|
|That’s why market players will be really eager to know whether this deterioration in data was a one-off event or a new negative trend. If traders get disappointed once again, the USD will seriously suffer. Improvement in figures will support the US currency.|
|The release will take place at 15:30 MT time on October 6.|
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