According to analyst at Standard Chartered, the overall reading of today’s NFP is medium-term positive for economic growth and modestly negative for inflation. Key Quotes: “The June employment situation report was relatively strong on net, primarily due to labour force expansion coupled with a rise in the labour participation rate. Non-farm payrolls gained 213,00 jobs, the labour participation rate increased to 62.9%, the unemployment rate rose to 4.0% and average hourly earnings (AHE) remained steady at 2.7% y/y.” “The strong headline gains coupled with notable breadth in employment gains across sectors point to underlying strength. If sustained, this trend would be positive for the outlook on the US labour market and broader economic momentum medium-term.” “It remains to be seen whether the simultaneous increases in employment and deepening of the labour force are sustained in the coming months.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Technical Analysis: Yellow Metal trapped in range near $1,250.00/oz FX Street 3 years According to analyst at Standard Chartered, the overall reading of today's NFP is medium-term positive for economic growth and modestly negative for inflation. Key Quotes: "The June employment situation report was relatively strong on net, primarily due to labour force expansion coupled with a rise in the labour participation rate. Non-farm payrolls gained 213,00 jobs, the labour participation rate increased to 62.9%, the unemployment rate rose to 4.0% and average hourly earnings (AHE) remained steady at 2.7% y/y." "The strong headline gains coupled with notable breadth in employment gains across sectors point to underlying strength. If sustained, this trend… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
