News & Analysis
News & Analysis

Preview: Non-Farm Payroll Announcement

6 December 2018 By Klavs Valters


It’s a new month which means the latest Non-Farm Payroll figures will be released this week by the Bureau of Labor Statistics. The data will be released on Friday 7th December at 13:30 PM London time.

Why is the announcement important?

Non-farm payroll is one of the most closely watched indicators and is considered the most wide-ranging measure of job creation in the United States. An increase in the non-farm payrolls would suggest rising employment and potential inflation pressure which would mean a potential rate increase by the Federal Reserve. A decline would suggest a slowing economy which would mean a decline in the interest rates more likely. The measure accounts for around 80% of the workers who contribute to the Gross Domestic Product.


In October, the total non-farm payroll employment increased by 250,000 the U.S. Bureau of Labor Statistics reported today versus the forecast of 193,000. Most significant job gains were in health care, in manufacturing, in construction, and in transportation and warehousing.

Economists are expecting an increase by 199,000 in the month of November. The unemployment rate is expected to remain unchanged at 3.7%. Average hourly earnings are also expected to remain the same as previous at 3.7%.

All eyes on the announcement on Friday.

This article is written by a GO Markets Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions. Trading Forex and Derivatives carries a high level of risk.

Sources: Google, Datawrapper.

Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice.

Exit mobile version

Please share your location to continue.

Check our help guide for more info.