Analysis team at the Royal Bank of Scotland notes that the US non-farm payrolls surprised on the downside in August, rising a tepid 130k, while the June and July were also marked down. Key Quotes “Taking into account temporary hiring for the 2020 census survey, the headline figure for August is overstated. The unemployment rate was unchanged at 3.7% in August. Encouragingly, the participation rate ticked higher to 63.2 last month , signalling more workers entered the labour force – a good sign for US growth near-term. Average earnings posted a decent 3.4% increase y/y in August.” “Alongside modest inflation, real incomes increased healthily last month. The consumer appears alive and well, at least for now, lessening the chances of a 0.5% Fed funds cut later this month.” 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 Cryptocurrencies are involved in 81% of all financial frauds – FCA FX Street 4 years Analysis team at the Royal Bank of Scotland notes that the US non-farm payrolls surprised on the downside in August, rising a tepid 130k, while the June and July were also marked down. Key Quotes "Taking into account temporary hiring for the 2020 census survey, the headline figure for August is overstated. The unemployment rate was unchanged at 3.7% in August. Encouragingly, the participation rate ticked higher to 63.2 last month , signalling more workers entered the labour force - a good sign for US growth near-term. Average earnings posted a decent 3.4% increase y/y in August." "Alongside modest inflation,… Regulated 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.
