{"id":293518,"date":"2021-02-04T23:57:58","date_gmt":"2021-02-04T12:57:58","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/preview-non-farm-payroll-announcement-6\/"},"modified":"2021-02-19T12:12:55","modified_gmt":"2021-02-19T01:12:55","slug":"preview-non-farm-payroll-announcement-6","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/preview-non-farm-payroll-announcement-6\/","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>The 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. It will be the first jobs report since Joe Biden was inaugurated as the 46<sup>th<\/sup> President of the United States last month.<\/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 \u2013 which would mean a possible rate increase by the Federal Reserve. A decline would indicate a slowing economy \u2013 which would mean a possible interest rate 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 December, the total Non-Farm payroll employment decreased by 140k largely caused by the increase of COVID-19 cases and efforts to contain the virus. The figure came as a surprise as analysts were expecting an addition of 71k jobs. The unemployment rate remained unchanged at 6.7%. Most significant job losses were in leisure and hospitality and in private education.<\/p>\n<p>Analysts are expecting 40k jobs added in January. The unemployment rate is expected to remain unchanged at 6.7%.<\/p>\n<p><strong>Non-Farm Payroll numbers since January 2020<\/strong><\/p>\n<p>December: -140k<\/p>\n<p>November: 245k<\/p>\n<p>October: 638k<\/p>\n<p>September: 661k<\/p>\n<p>August: 1,371k<\/p>\n<p>July: 1,763k<\/p>\n<p>June: 4,800k<\/p>\n<p>May: 2,509k<\/p>\n<p>April: -20,500k<\/p>\n<p>March: -701k<\/p>\n<p>February: 273k<\/p>\n<p>January: 225k<\/p>\n<p><strong>The unemployment rates since January 2020<\/strong><\/p>\n<p>December: 6.7%<\/p>\n<p>November: 6.7%<\/p>\n<p>October: 6.9%<\/p>\n<p>September: 7.9%<\/p>\n<p>August: 8.4%<\/p>\n<p>July: 10.2%<\/p>\n<p>June: 11.1%<\/p>\n<p>May: 13.3%<\/p>\n<p>April: 14.7%<\/p>\n<p>March: 4.4%<\/p>\n<p>February: 3.5%<\/p>\n<p>January: 3.6%<\/p>\n<p><em>Source: US Bureau of Labor Statistics<\/em><\/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 The 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. It will be the first jobs report since Joe Biden was inaugurated as the 46th President of the United States [&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-6\/\" \/>\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 The 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. 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