Analysts at Nomura expect the US employment growth to rebound somewhat in October after a weaker-than-expected gain in September and forecast a 175k increase in nonfarm payroll employment, 170k of which from private payrolls. Key Quotes “Looking beyond weather effects, incoming labor market data remains strong with low initial claims in states unaffected by inclement weather and healthy employment index readings on most business surveys. ADP’s employment report, typically less weathersensitive relative to the BLS’, reported a 227k increase in private payroll employment during October.” “Moreover, the Conference Board’s labor market differential – the gap between those reporting “jobs plentiful” versus “hard to get” – improved further in October.” “We do expect some slowing in manufacturing hiring but expect a still-healthy reading of +10k for October. At the moment, strength in domestic demand continues to offset any uncertainty regarding US trade policy, keeping manufacturing employment growth upbeat and labor market activity elevated overall.” 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 USD/CAD refreshes weekly lows, around mid-1.3000s ahead of US/Canadian jobs data FX Street 4 years Analysts at Nomura expect the US employment growth to rebound somewhat in October after a weaker-than-expected gain in September and forecast a 175k increase in nonfarm payroll employment, 170k of which from private payrolls. Key Quotes "Looking beyond weather effects, incoming labor market data remains strong with low initial claims in states unaffected by inclement weather and healthy employment index readings on most business surveys. ADP's employment report, typically less weathersensitive relative to the BLS', reported a 227k increase in private payroll employment during October." "Moreover, the Conference Board's labor market differential - the gap between those reporting "jobs plentiful"… 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.
