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NFP: Testing the “full employment” theory – watch wages

The US economy gained only 98K jobs in March. Expectations are higher now: around double that amount alongside a healthy gain in wages. Are expectations too high? A weak gain in jobs could be easily compensated by a pay raise to the American worker. Such an outcome would also validate the theory of full employment: there are less available workers for job gains, but wages are rising as a result. If we get a repeat of the previous NFP, the greenback could fall.

Video preview of the NFP  Non-Farm Payrolls report for April 2017, published on May 5th:

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.