US employment report for November, will be released on Friday at 13:30 (GMT).
The expectations are:
|Non-Farm Payrolls figure:||Expected at 200k, previous figure: 250k.|
|Unemployment rate:||Expected at 3.7%, previous reading: 3.7%.|
|Average Earnings growth rate:||Expected at +3.1% yoy, previous rate: +3.1% yoy.|
Overall, if actual rates and figures meet the forecast, the indicators could imply a tight labor market however the expected drop of the NFP figure blurs the picture.
Live NFP Commentary on Facebook with HotForex from 12:25 GMT
Tomorrow Friday December 7th is Non-Farm Payroll day.
Following the strong headline number last month rising to 246,000 and Earnings rising to 3.1%, these key data releases will be watched with added interest by both institutional and retail investors.
The median forecast of economists polled by Reuters is for the Non-Farm Payroll to rise by 200,000, with a range in estimates from 136,000 to 235,000.
HotForex will keep you updated via their analysis page where they will have additional live commentary on the results, and market action and reaction.