What PMI Data Says About the NFP Report: 3 Hidden …

The Non-farm Payrolls report (better known as NFP) is one of the numbers that is closely watched by the Federal Reserve today. The Fed is awaiting further employment and inflation data to decide ...

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NFP Preview: How Could Jobs Report Impact Elections And Fed’s …

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Nov 1, 2024 · NFP Report Expectations Traders and economists expect the NFP report to show that the US created 108K net new jobs , with average hourly earnings rising 0.3% m/m (4.0% …

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What PMI Data Says About The NFP Report: 3 Hidden Opportunities

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FAQs about What PMI Data Says About the NFP Report: 3 Hidden … Coupon?

What does the NFP report tell us about the economy?

Economic Health: The NFP report provides valuable insights into the overall health of the U.S. economy. Job growth is often seen as a sign of a strong economy, while job losses can indicate economic weakness. Consumer Spending: Job creation is a leading indicator of consumer spending, which accounts for a significant portion of economic activity. ...

Why is the NFP report important?

Importance of the NFP Report Economic Health: The NFP report provides valuable insights into the overall health of the U.S. economy. Job growth is often seen as a sign of a strong economy, while job losses can indicate economic weakness. ...

What are the inconsistencies in the NFP jobs report?

When compared with other recent data, the inconsistencies in this jobs report are striking: In the NFP report, government (+49k), education & health (+99k) and the return of striking auto workers (+30k) accounted for +178k of the +199k reported. ...

How does the NFP report affect monetary policy?

Policy Decisions: The Federal Reserve considers the NFP report when making monetary policy decisions. Strong job growth may influence the Fed to raise interest rates to combat inflation, while weak job growth may lead to a more accommodative monetary policy. How the NFP Report is Calculated ...

How did the market react to the NFP report?

The market reacted significantly to the data released at 15:30 with a high impact on the USD and USD pair depreciation pushing the EURUSD near 100 pips upwards after the release. DXY suffered a huge drop after the strong NFP report. Not much effect on CAD. USDCAD, driven by USD depreciation, fell significantly. ...

When is the October NFP report?

The October NFP report will be released on Friday, November 1, at 8:30 ET. Traders and economists expect the NFP report to show that the US created 108K net new jobs, with average hourly earnings rising 0.3% m/m (4.0% y/y) and the U3 unemployment rate ticking holding steady at 4.1%. ...