NFP surprise: 287 thousand new jobs

U.S. nonfarm payrolls surged 287k in June from a revised 11k increase in May (was 38k) and 144k in April (was 123k), with a net -6k revision. The labor force rebounded 414k following declines of 458k and 362k in May and April, respectively, while household employment was up 67k from a 26k May increase.
The unemployment rate rose to 4.9% from 4.7%. Average hourly earnings edged up 0.1% from 0.2%. The workweek was steady at 34.4. Private payrolls climbed 265k, with the goods producing sector seeing a 9k increase, while construction unchanged, with manufacturing rising 14k. The service sector added 256k, with education/health, and leisure/hospitality each rising 59k, while information was up 44k. Government jobs increased 22k. The mixed report probably won’t have much impact on the markets.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.

“My mission is to help you to become a confident and successful trader”

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.