{"id":293471,"date":"2020-12-03T01:27:02","date_gmt":"2020-12-02T14:27:02","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/preview-non-farm-payroll-announcement\/"},"modified":"2021-02-19T12:13:05","modified_gmt":"2021-02-19T01:13:05","slug":"preview-non-farm-payroll-announcement","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/preview-non-farm-payroll-announcement\/","title":{"rendered":"Preview: Non-Farm Payroll Announcement"},"content":{"rendered":"<p><strong>By Klavs Valters<\/strong><br \/>\n<img style=\"float: left; width: 20px; padding-top: 4px;\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\u00a0<a href=\"https:\/\/twitter.com\/klavsvalters\">@klavsvalters<\/a><\/p>\n<p>It\u2019s a new month &#8211; which means the latest Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday.<\/p>\n<p><strong>Why is the announcement important?<\/strong><\/p>\n<p>Non-Farm Payroll is one of the most closely watched indicators. It is considered the most wide-ranging measure of job creation in the United States. An increase in the non-farm payrolls would suggest rising employment and potential inflation pressure &#8211; which would mean a possible rate increase by the Federal Reserve. A decline would indicate a slowing economy &#8211; which would mean a possible interest rates cut. The measure accounts for around 80% of the workers who contribute to the Gross Domestic Product. It does not include those who work on farms and also excludes private households, non-profit workers, and government employees.<\/p>\n<p><strong>Expectations<\/strong><\/p>\n<p>In October, the total Non-Farm payroll employment increased by 638k, higher than analyst predictions of 600k. The unemployment rate declined to 6.9% from 7.7%. Most significant job gains were in leisure and hospitality, professional and business services, retail trade, and construction.<\/p>\n<p>Analysts are expecting 481k jobs added in November. The unemployment rate is expected to drop by 0.1% to 6.8%.<\/p>\n<p><strong>Non-Farm Payroll numbers in 2020<\/strong><\/p>\n<p>October: 638k<br \/>\nSeptember: 661k<br \/>\nAugust: 1,371k<br \/>\nJuly: 1,763k<br \/>\nJune: 4,800k<br \/>\nMay: 2,509k<br \/>\nApril: -20,500k<br \/>\nMarch: -701k<br \/>\nFebruary: 273k<br \/>\nJanuary: 225k<\/p>\n<p><strong>The unemployment rates in 2020<\/strong><\/p>\n<p>October: 6.9%<br \/>\nSeptember: 7.9%<br \/>\nAugust: 8.4%<br \/>\nJuly: 10.2%<br \/>\nJune: 11.1%<br \/>\nMay: 13.3%<br \/>\nApril: 14.7%<br \/>\nMarch: 4.4%<br \/>\nFebruary: 3.5%<br \/>\nJanuary: 3.6%<\/p>\n<p><em>Source: US Bureau of Labor Statistics<\/em><\/p>\n<p>All eyes on the last US jobs report of 2020.<\/p>\n<p><strong>By Klavs Valters<\/strong><br \/>\n<img style=\"float: left; width: 20px; padding-top: 4px;\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\u00a0<a href=\"https:\/\/twitter.com\/klavsvalters\">@klavsvalters<\/a><\/p>\n<p><em>Disclaimer: The articles are from GO Markets analysts, based on their independent analysis or personal experiences. Views or opinions or trading styles expressed are of their own; should not be taken as either representative of or shared by GO Markets. Advice (if any), are of a \u2018general\u2019 nature and not based on your personal objectives, financial situation or needs. You should therefore consider how appropriate the advice (if any) is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.<\/em><\/p>\n<p><a href=\"\/forex-education-courses\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" class=\"alignnone\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/02\/Next-Steps-Blog-Bottom-Banner.jpg\" alt=\"\" width=\"942\" height=\"122\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Klavs Valters \u00a0@klavsvalters It\u2019s a new month &#8211; which means the latest Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. Why is the announcement important? Non-Farm Payroll is one of the most [&hellip;]<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2874],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Preview: Non-Farm Payroll Announcement - GO Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/preview-non-farm-payroll-announcement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Preview: Non-Farm Payroll Announcement - GO Markets\" \/>\n<meta property=\"og:description\" content=\"By Klavs Valters \u00a0@klavsvalters It\u2019s a new month &#8211; which means the latest Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. 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Non-Farm Payroll is one of the most [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/preview-non-farm-payroll-announcement\/\" \/>\n<meta property=\"og:site_name\" content=\"GO Markets\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-02T14:27:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-19T01:13:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.gomarkets.com.au\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Karen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.gomarkets.com\/#website\",\"url\":\"https:\/\/www.gomarkets.com\/\",\"name\":\"GO Markets\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.gomarkets.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/preview-non-farm-payroll-announcement\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\",\"contentUrl\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\",\"width\":26,\"height\":23},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/preview-non-farm-payroll-announcement\/#webpage\",\"url\":\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/preview-non-farm-payroll-announcement\/\",\"name\":\"Preview: Non-Farm Payroll Announcement - GO Markets\",\"isPartOf\":{\"@id\":\"https:\/\/www.gomarkets.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/preview-non-farm-payroll-announcement\/#primaryimage\"},\"datePublished\":\"2020-12-02T14:27:02+00:00\",\"dateModified\":\"2021-02-19T01:13:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.gomarkets.com\/#\/schema\/person\/7671696f8db5b5f1b7d715c7fead1e04\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/preview-non-farm-payroll-announcement\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/preview-non-farm-payroll-announcement\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/preview-non-farm-payroll-announcement\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.gomarkets.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Preview: Non-Farm Payroll Announcement\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.gomarkets.com\/#\/schema\/person\/7671696f8db5b5f1b7d715c7fead1e04\",\"name\":\"Karen\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.gomarkets.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39e01c4f434fce35261dc6b7a2b77425?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39e01c4f434fce35261dc6b7a2b77425?s=96&d=mm&r=g\",\"caption\":\"Karen\"},\"url\":\"https:\/\/www.gomarkets.com\/en\/author\/karen\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Preview: Non-Farm Payroll Announcement - GO Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/preview-non-farm-payroll-announcement\/","og_locale":"en_US","og_type":"article","og_title":"Preview: Non-Farm Payroll Announcement - GO Markets","og_description":"By Klavs Valters \u00a0@klavsvalters It\u2019s a new month &#8211; which means the latest Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. 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