Back to insights Press Clippings

[The Guardian]

US beats forecasts with 224,000 new jobs created in June – business live

Stephen Hubble, Chief Analyst at Centtrip, points out that the latest survey of private sector job creation (from ADP) was disappointing earlier this week.

US beats forecasts with 224,000 new jobs created in June - business live

Today’s non-farm report may confirm that the US labour market is going through a rough patch, he says:

“If the NFP release follows the ADP number and comes in below the forecast of 165,000 jobs added, that will shake the Dollar and will strengthen the case for an interest rate cut by the Federal Reserve later this month.

The impact could be even more pronounced as the US has just celebrated the Independence Day and traders will inevitably be taking vacations, so lower liquidity can often lead to higher volatility in markets.”

Read the coverage live: The Guardian

Image credit: Wendy Connett/Robert Harding/REX/Shutterstock

Related Insight

More Insights