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68 pips and BTC 306 points potential profit in 17 seconds on 5 September 2025, analysis on forex fx futures news trading USDJPY, EURUSD and BTC on US Employment Situation (NFP)

According to our analysis USDJPY and EURUSD moved 68 pips and BTC moved 306 points on US Employment Situation (Non-farm payrolls / NFP) data on 5 September 2025.

USDJPY (42 pips)

EURUSD (26 pips)

BTC (306 points)

Charts are exported from JForex (Dukascopy).


U.S. Jobs Report: August 2025 Employment Situation

The U.S. labor market showed little momentum in August 2025, according to the latest report from the Bureau of Labor Statistics (BLS). Nonfarm payroll employment edged up by just 22,000 jobs, while the unemployment rate held steady at 4.3%. Since April, overall job growth has been subdued, with gains in health care tempered by losses in government and energy-related industries.

Key Highlights from the Household Survey

  • Unemployment rate: 4.3%, essentially unchanged for the month.

  • Number of unemployed people: 7.4 million.

  • Long-term unemployment: 1.9 million, accounting for 25.7% of all unemployed, and up 385,000 over the past year.

  • Labor force participation: 62.3%, down 0.4 percentage point over the year.

  • Employment-population ratio: 59.6%, unchanged from July but also down over the year.

  • Part-time for economic reasons: 4.7 million, little changed in August.

  • Not in the labor force but want a job: 6.4 million, up 722,000 compared to last year.

Unemployment rates across major demographic groups—adult men (4.1%), adult women (3.8%), teenagers (13.9%), Whites (3.7%), Blacks (7.5%), Asians (3.6%), and Hispanics (5.3%)—showed little or no movement.

Key Highlights from the Establishment Survey

  • Total payroll employment: +22,000 jobs in August.

  • Health care: +31,000 jobs, led by gains in ambulatory services, hospitals, and nursing/residential care.

  • Social assistance: +16,000 jobs, mainly in individual and family services.

  • Federal government: -15,000 jobs, continuing a steady decline since January (down 97,000 total).

  • Mining, quarrying, and oil & gas extraction: -6,000 jobs, the sharpest monthly drop in over a year.

  • Wholesale trade: -12,000 jobs, down 32,000 since May.

  • Manufacturing: -12,000 jobs, with a notable -15,000 decline in transportation equipment manufacturing, partly due to strike activity.

Other major sectors—including construction, retail trade, financial activities, leisure and hospitality—showed little change in August.

Wages and Work Hours

  • Average hourly earnings: $36.53, up 10 cents (0.3%) in August. Over the past year, wages increased by 3.7%.

  • Production and nonsupervisory employees: $31.46 per hour, up 12 cents (0.4%).

  • Average workweek: 34.2 hours for all employees, unchanged for the third straight month.

  • Manufacturing workweek: slipped slightly to 40.0 hours, with overtime steady at 2.9 hours.

Revisions to Prior Months

  • June 2025 revised down to -13,000 (from +14,000).

  • July 2025 revised up to +79,000 (from +73,000).

  • Combined revisions: net 21,000 fewer jobs than previously reported.

What’s Next?

The September Employment Situation Report will be released on Friday, October 3, 2025. In addition, the BLS will issue its 2025 preliminary benchmark revision to payroll data on September 9, 2025, aligning survey estimates with unemployment insurance records.

Takeaway

The August report underscores a cooling labor market: job gains remain concentrated in health and social services, while government, manufacturing, and energy sectors shed jobs. Wage growth continues at a moderate pace, but labor force participation remains historically low. With revisions showing weaker summer job growth than initially reported, policymakers and businesses alike may be watching closely for signs of whether this slowdown persists into the fall.

Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.

Source: https://www.bls.gov/news.release/empsit.nr0.htm


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157 pips and BTC 158 points potential profit in 305 seconds on 1 August 2025, analysis on forex fx futures news trading USDJPY, EURUSD and BTC on US Employment Situation (NFP)

According to our analysis USDJPY and EURUSD moved 157 pips and BTC moved 158 points on US Employment Situation (Non-farm payrolls / NFP) data on 1 August 2025.

USDJPY (76 pips)

EURUSD (81 pips)

BTC (158 points)

Charts are exported from JForex (Dukascopy).


July 2025 Jobs Report: U.S. Labor Market Shows Minimal Growth Amid Mixed Signals

The U.S. Bureau of Labor Statistics (BLS) released its July 2025 Employment Situation report, and the labor market continues to show signs of a cooling trend. With just 73,000 jobs added, the monthly job growth has remained tepid since April. The unemployment rate was unchanged at 4.2%, signaling a labor market in a holding pattern as economic uncertainty lingers.

Key Takeaways from July 2025:

Sluggish Job Growth

  • Nonfarm payroll employment rose by only 73,000, well below the average gains seen earlier in the year.

  • Revisions to previous months were significant: May was revised down by 125,000 jobs and June by 133,000, meaning a combined loss of 258,000 jobs from earlier estimates.

Unemployment Rate Holds Steady

  • The unemployment rate remained at 4.2%, largely unchanged since May 2024.

  • The number of unemployed people stood at 7.2 million.

Employment Trends by Sector:

Gains

  • Health care added 55,000 jobs, continuing a strong upward trend. Key contributors were:

    • Ambulatory health care services: +34,000

    • Hospitals: +16,000

  • Social assistance rose by 18,000, mainly driven by:

    • Individual and family services: +21,000

Losses

  • Federal government employment dropped by 12,000 in July and has declined by 84,000 since January.

No Significant Change

  • Industries such as manufacturing, construction, retail, professional services, and leisure and hospitality saw little to no movement.

Worker Demographics and Labor Force Participation:

  • Labor force participation rate: 62.2% (unchanged for the month, down 0.5 percentage points over the year)

  • Employment-population ratio: 59.6% (also little changed)

  • Long-term unemployed (27 weeks or more): Up 179,000 to 1.8 million, making up 24.9% of total unemployed

  • New entrants to the labor force (seeking their first job): Up 275,000 to 985,000

  • Discouraged workers: Decreased by 212,000 to 425,000, following an increase in the prior month

Wages and Work Hours:

  • Average hourly earnings for private nonfarm employees increased by $0.12 (0.3%) to $36.44

  • Over the past 12 months, wages rose by 3.9%

  • Average workweek: Increased slightly by 0.1 hour to 34.3 hours

Looking Ahead

While health care and social services continue to show resilience, the broader employment landscape is stagnating. Job creation has softened significantly, revisions to past reports indicate weaker momentum than previously thought, and long-term unemployment is creeping up.

The next jobs report—covering August—will be released on Friday, September 5, 2025. Additionally, the preliminary 2025 benchmark revision to employment data will be released on September 9, 2025, offering a deeper look into the actual state of the labor market using QCEW data.

Bottom Line: The July 2025 labor market report points to a slow summer for job growth. While wage gains and stable unemployment offer some reassurance, shrinking revisions and rising long-term unemployment suggest that the labor market is cooling more quickly than previously thought.

Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.

Source: https://www.bls.gov/news.release/empsit.nr0.htm


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61 pips potential profit in 26 seconds on 3 July 2025, analysis on forex fx futures news trading USDJPY and EURUSD on US Employment Situation (NFP)

According to our analysis USDJPY and EURUSD moved 61 pips on US Employment Situation (Non-farm payrolls / NFP) data on 3 July 2025.

USDJPY (40 pips)

EURUSD (21 pips)

Charts are exported from JForex (Dukascopy).


July 2025 U.S. Jobs Report: Modest Gains Fuel Cautious Market Response

The U.S. Bureau of Labor Statistics released its June 2025 Employment Situation Report on July 3, revealing moderate but steady growth in the labor market. Nonfarm payrolls rose by 147,000, aligning closely with the 12-month average gain of 146,000. The unemployment rate held steady at 4.1%, showing little change from previous months and continuing the trend of a relatively tight labor market.

Key Highlights from the Report:

  • State Government and Health Care led job creation, adding 47,000 and 39,000 jobs respectively.

  • Federal Government employment declined by 7,000, bringing the total loss since January to 69,000.

  • Average hourly earnings increased by 0.2% to $36.30, while wages for production and nonsupervisory workers climbed 0.3% to $31.24.

  • Long-term unemployment rose by 190,000 to 1.6 million, now accounting for 23.3% of the total unemployed.

  • The labor force participation rate remained unchanged at 62.3%.

Market Reaction: USDJPY and EURUSD Move Modestly

Despite the data being mostly in line with expectations, forex markets saw mild volatility in response to the release:

  • USDJPY rose by 40 pips, signaling modest dollar strength likely tied to steady wage growth and job gains.

  • EURUSD slipped by 21 pips, a subdued reaction reflecting limited surprises in the report.

Overall, the total move across USDJPY and EURUSD was 61 pips, indicating a muted but focused market response, particularly ahead of the long U.S. holiday weekend.

What It Means for Traders

The June report did little to shake market sentiment but reaffirmed the narrative of gradual economic cooling without triggering recession fears. Wage growth remains solid, and job creation—though slower than earlier in the recovery—is still healthy. With the Fed watching inflation and labor market metrics closely, this report may not alter near-term rate expectations significantly but reinforces a “wait-and-see” stance.

Looking ahead, the next Employment Situation Report is scheduled for Friday, August 1, 2025, which could play a more pivotal role in shaping monetary policy expectations as more data accumulate.

Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.

Source: https://www.bls.gov/news.release/empsit.nr0.htm


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37 pips, US500 11 points and BTC 209 points potential profit in 18 seconds on 6 June 2025, analysis on forex fx futures news trading USDJPY, EURUSD, US500 and BTC on US Employment Situation (NFP) data

According to our analysis USDJPY and EURUSD moved 37 pips, US500 moved 11 points and BTC moved 209 points on US Employment Situation (Non-farm payrolls / NFP) data on 6 June 2025.

USDJPY (24 pips)

EURUSD (13 pips)

US500 (11 points)

BTC (209 points)

Charts are exported from JForex (Dukascopy).


U.S. Job Market Update: May 2025 Shows Steady Growth but Signs of Cooling

The U.S. labor market maintained moderate momentum in May 2025, according to the latest report from the Bureau of Labor Statistics (BLS), with total nonfarm payroll employment rising by 139,000 jobs. The unemployment rate held steady at 4.2%, continuing a 12-month trend of hovering between 4.0% and 4.2%.

Key Highlights

  • Job Growth by Sector:

    • Health Care led the way with +62,000 jobs, particularly in hospitals and ambulatory services.

    • Leisure and Hospitality added +48,000 jobs, mostly in food services and bars.

    • Social Assistance grew by +16,000 jobs, continuing its steady upward trend.

    • Federal Government employment continued to decline, down 22,000 jobs in May and 59,000 since January.

  • Wages and Hours:

    • Average hourly earnings rose by $0.15 to $36.24, a 0.4% monthly increase, and 3.9% over the past year.

    • The average workweek held steady at 34.3 hours.

  • Labor Force Metrics:

    • The employment-population ratio slipped to 59.7%, and labor force participation decreased to 62.4%.

    • Long-term unemployment dropped by 218,000 to 1.5 million, making up 20.4% of total unemployment.

    • Those jobless for less than 5 weeks rose by 264,000 to 2.5 million.

Revisions & Notes

  • March and April job gains were revised downward by a combined 95,000 jobs, suggesting the labor market may be slightly weaker than previously believed.

  • A minor correction was made to April’s household survey data due to the rollout of a redesigned sample.

  • A shift in classification of certain New York state workers impacted industry employment counts, transferring jobs from health care to social assistance.

Takeaway

The May report signals a job market that remains resilient but cautious. While job growth continues, it’s slower than the pace seen earlier in the recovery. Wage growth is steady, but softening participation and revisions to previous months hint at underlying labor market fragility. All eyes will be on the June report, due July 3, for confirmation of any emerging trends.

Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.

Source: https://www.bls.gov/news.release/empsit.nr0.htm


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19 pips, US500 19 points and BTC 192 points potential profit in 92 seconds on 2 May 2025, analysis on forex fx futures news trading USDJPY, US500 and BTC on US Employment Situation (NFP) data

According to our analysis USDJPY, US500 and BTC moved 19 pips, 19 points and 192 points on US Employment Situation (Non-farm payrolls / NFP) data on 2 May 2025.

USDJPY (19 pips)

US500 (19 points)

BTC (192 points)

Charts are exported from JForex (Dukascopy).


April 2025 Jobs Report: Steady Growth with a Few Soft Spots

The U.S. labor market continued its slow but steady climb in April 2025, according to the latest data from the Bureau of Labor Statistics (BLS). Nonfarm payrolls increased by 177,000, a solid gain that’s slightly above the average monthly increase of 152,000 over the past year. Meanwhile, the unemployment rate held steady at 4.2%, continuing a nearly year-long trend of relative stability in joblessness.

Key Takeaways:

Job Growth Driven by Health Care and Transportation

  • Health care led the way with 51,000 new jobs, continuing its strong performance from previous months. Hospitals and ambulatory health care services were major contributors.

  • Transportation and warehousing added 29,000 jobs, with gains in warehousing and storage (+10,000), couriers and messengers (+8,000), and air transportation (+3,000).

Other Industries on the Rise

  • Financial activities added 14,000 jobs, bringing total gains since April 2024 to over 100,000.

  • Social assistance employment rose by 8,000, though at a slower pace than usual.

Federal Government Job Cuts

  • Federal employment fell by 9,000 jobs in April and is down 26,000 since January. This marks a continued contraction in the public sector.

Other Notable Stats:

  • The number of unemployed people remained at 7.2 million.

  • Long-term unemployment rose to 1.7 million, making up 23.5% of all unemployed persons.

  • The labor force participation rate stayed flat at 62.6%, and the employment-population ratio held at 60.0%.

  • Wages continue to grow modestly:

    • Average hourly earnings rose by 6 cents to $36.06, up 3.8% year-over-year.

    • Nonsupervisory workers saw a 10-cent gain to $31.06.

Revisions & Trends

The jobs numbers from February and March were revised down by a total of 58,000 jobs, tempering earlier optimism. While these revisions don't indicate a major downturn, they reflect the continued balancing act of a cooling economy with pockets of resilience.

Bottom Line:

April’s jobs report reflects a labor market that’s stable, but not booming. Most of the gains are concentrated in a few key sectors, while other areas — including government — are shedding jobs. Wage growth is modest, and the overall unemployment rate remains within a narrow range.

With the next employment report due June 6, attention will remain focused on whether this steady trajectory can be maintained amid ongoing economic uncertainties.

Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.

Source: https://www.bls.gov/news.release/empsit.nr0.htm


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35 pips and 210 points potential profit in 80 seconds on 10 January 2025, analysis on forex fx futures news trading USDJPY, EURUSD and US30 on US Employment Situation (Non-farm payrolls/NFP) data

According to our analysis USDJPY, EURUSD and US30 moved around 35 pips and 210 points on US Employment Situation (Non-farm payrolls / NFP) data on 10 January 2025.

USDJPY (19 pips)

EURUSD (16 pips)

US30 (210 points)

Charts are exported from JForex (Dukascopy).


December 2024 Employment Report: Key Takeaways for Traders

The U.S. Bureau of Labor Statistics (BLS) released its December 2024 Employment Situation Report today, revealing a mixed but largely positive labor market. Here’s what traders need to know and how the data could influence markets in the near term.

Key Highlights of the Report

  • Nonfarm Payroll Growth:
    Nonfarm payrolls increased by 256,000, beating market expectations. Gains were led by health care, government, social assistance, and retail trade.

  • Unemployment Rate:
    The unemployment rate held steady at 4.1%, indicating a resilient labor market despite concerns of potential softening.

  • Wage Growth:
    Average hourly earnings increased by 0.3% month-over-month (+10 cents), bringing the annual wage growth to 3.9% year-over-year.

  • Labor Force Participation Rate:
    Unchanged at 62.5%, maintaining the same range seen throughout 2024.

Market Implications

1. Equity Markets:

  • Bullish Signal: The robust payroll growth could support cyclical sectors like retail, health care, and consumer discretionary.

  • Earnings Potential: With strong wage gains and improved retail hiring, markets may see positive sentiment heading into Q1 earnings season.

  • Caveat: If wage growth accelerates beyond expectations in future reports, it could reignite inflation fears.

2. Bond Markets:

  • The steady unemployment rate and solid job gains could increase the likelihood of the Federal Reserve holding interest rates steady. However, continued strength may push yields higher if investors price in a more hawkish Fed stance.

3. Forex Market:

  • The U.S. dollar may strengthen in response to better-than-expected job numbers, as it reinforces confidence in the U.S. economy.

  • Watch for USD pairs, particularly with currencies of economies that are experiencing slower labor market recoveries.

Sector Breakdown for December 2024

  • Health Care (+46,000 jobs): Gains were seen across home health care services (+15,000), nursing care facilities (+14,000), and hospitals (+12,000). This continued sector strength may benefit health care ETFs and equities.

  • Retail Trade (+43,000 jobs): A recovery from November’s losses was driven by increases in apparel, general merchandise, and health and personal care stores. Retail-focused traders may view this as a sign of resilient consumer demand.

  • Government (+33,000 jobs): Job gains, primarily in state government roles, continued a positive trend, though at a slower pace than in 2023.

  • Social Assistance (+23,000 jobs): Continued steady growth here supports the broader theme of demand for care services.

Wage and Workweek Trends

  • Average Hourly Earnings: Up $0.10 to $35.69 (+3.9% YoY).

  • Production and Nonsupervisory Workers: Wages increased by $0.06 to $30.62, signaling continued earnings momentum for middle-income workers.

However, the average workweek remained at 34.3 hours, unchanged for the fifth consecutive month, indicating stable labor utilization across sectors.

Revisions and Seasonal Adjustments

The revisions for October and November combined resulted in a net downward adjustment of 8,000 jobs. Traders should take note of these recalibrations, which may indicate some volatility in reporting but largely point to a stable employment trend.

Key Risks to Watch

  • Fed Policy: Traders should monitor any commentary from Federal Reserve officials, as this report keeps the door open for either policy stability or future tightening if wage pressures persist.

  • Economic Slowdown Concerns: While the labor market remains strong, longer-term concerns about a potential slowdown in consumer spending or corporate hiring could affect future payroll reports.

  • Global Market Sentiment: The forex and commodity markets could be impacted by how global investors interpret the U.S. labor market’s strength relative to international economic conditions.

Conclusion

The December 2024 employment report reinforces the narrative of a robust U.S. labor market with healthy job creation, stable unemployment, and moderate wage growth. Traders should position themselves for potential equity market gains in cyclical sectors while keeping a close eye on bond yields and the Federal Reserve's evolving stance. The next employment report, scheduled for February 7, 2025, will provide further clues as to whether this momentum can continue into the new year.

Source: https://www.bls.gov/news.release/empsit.nr0.htm


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37 pips potential profit in 8 seconds on 6 December 2024, analysis on forex fx futures news trading USDJPY and EURUSD on US Employment Situation (Non-farm payrolls/NFP) data

According to our analysis USDJPY and EURUSD moved around 37 pips on US Employment Situation (Non-farm payrolls / NFP) data on 6 December 2024.

USDJPY (28 pips)

EURUSD (9 pips)

Charts are exported from JForex (Dukascopy).


November 2024 U.S. Employment Report: Key Takeaways and Insights

The U.S. Bureau of Labor Statistics (BLS) released its November 2024 Employment Situation Report, highlighting continued growth in the labor market with some mixed signals. Here’s what you need to know:

Job Growth Surges, Led by Health Care and Leisure Industries

Nonfarm payroll employment increased by 227,000 in November, marking a strong rebound from the previous month's modest gain of 36,000. This growth surpasses the 12-month average increase of 186,000, signaling resilience despite broader economic uncertainties. Key contributors included:

  • Health Care (+54,000): Growth was driven by ambulatory health care services (+22,000), home health care (+16,000), hospitals (+19,000), and nursing care facilities (+12,000).

  • Leisure and Hospitality (+53,000): Food services and drinking places added the bulk of these jobs (+29,000), reflecting ongoing recovery in service-related industries.

  • Government (+33,000): Gains were concentrated in state government employment (+20,000).

  • Transportation Equipment Manufacturing (+32,000): The return of workers following strike actions fueled this sector’s rebound.

Unemployment Rate Holds Steady, but Challenges Persist

The unemployment rate remained relatively stable at 4.2%, up from 3.7% a year earlier. There are now 7.1 million unemployed Americans, reflecting ongoing challenges in the labor market recovery. Notable trends include:

  • Long-term Unemployment: This group, defined as those jobless for 27 weeks or more, remains elevated at 1.7 million, making up 23.2% of total unemployed.

  • Demographic Insights: Unemployment edged up for Black workers to 6.4%, while other major groups, including Whites (3.8%), Asians (3.8%), and Hispanics (5.3%), showed little change.

Labor Force and Participation Trends

The labor force participation rate was unchanged at 62.5%, maintaining a narrow range since late 2023. However, the employment-population ratio declined by 0.6 percentage points over the past year, landing at 59.8%. These metrics suggest some stagnation in workforce engagement.

Retail Trade Slumps as Seasonal Hiring Falters

Retail trade lost 28,000 jobs in November, marking a significant divergence from other industries. Losses were particularly sharp in general merchandise retailers (-15,000), though electronics and appliance retailers posted modest gains (+4,000). This decline could reflect shifting consumer patterns and cautious hiring ahead of the holiday season.

Earnings and Work Hours Tick Up

Wage growth continued at a steady pace, with average hourly earnings increasing by 0.4% to $35.61. Over the past year, wages have risen by 4.0%, providing some relief against inflationary pressures. The average workweek for private nonfarm employees edged up to 34.3 hours, a positive indicator of labor demand.

Upward Revisions Reflect Stronger Momentum

Revised data for September and October show that employment gains were 56,000 higher than previously reported. September’s total was adjusted up to 255,000, and October’s figure increased to 36,000.

What It All Means

November’s employment report paints a picture of a labor market balancing growth with persistent challenges:

  • Encouraging Sectors: Health care, leisure, and government sectors are driving job creation, reflecting the continued demand for essential services.

  • Emerging Concerns: Retail trade losses and elevated long-term unemployment suggest pockets of weakness that merit attention.

  • Stable Wages: The steady rise in wages is a positive for workers, though it remains to be seen if this can keep pace with inflation and higher living costs.

As we close out 2024, the labor market appears robust but not without its vulnerabilities. Policymakers, businesses, and job seekers will be closely watching December’s report, due on January 10, 2025, to gauge the economy’s trajectory into the new year.

Stay tuned for more updates on labor market trends and insights!

Source: https://www.bls.gov/news.release/empsit.nr0.htm


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126 pips potential profit in 52 seconds on 4 October 2024, analysis on forex fx futures news trading USDJPY and EURUSD on US Employment Situation (Non-farm payrolls/NFP) data

According to our analysis USDJPY and EURUSD moved around 126 pips on US Employment Situation (Non-farm payrolls / NFP) data on 4 October 2024.

USDJPY (93 pips)

EURUSD (33 pips)

Charts are exported from JForex (Dukascopy).


September 2024 Employment Report: Key Highlights and Insights

The U.S. job market continued to show resilience in September 2024, with total nonfarm payroll employment increasing by 254,000 jobs. This growth marks a stronger-than-average monthly gain, outpacing the 203,000 average of the past 12 months. The unemployment rate, however, held steady at 4.1%, reflecting a relatively stable labor market despite ongoing economic pressures and a significant weather event.

Noteworthy Sectors Leading Job Growth

Several key industries contributed to September's employment gains:

  1. Food Services and Drinking Places: This sector saw a remarkable increase of 69,000 jobs, a substantial jump compared to its prior 12-month average of 14,000 jobs per month. This may suggest a resurgence in consumer spending on dining out, possibly influenced by seasonal factors or recovering demand following earlier economic fluctuations.

  2. Health Care: Adding 45,000 jobs, this sector experienced slightly slower growth than its recent monthly average of 57,000. Key areas of hiring included:

    • Home health care services (+13,000)

    • Hospitals (+12,000)

    • Nursing and residential care facilities (+9,000)

  3. Government: Employment in the public sector grew by 31,000, driven largely by gains in local (+16,000) and state (+13,000) government jobs. While this is positive, it remains below the prior 12-month average gain of 45,000.

  4. Social Assistance: Adding 27,000 jobs, this sector's growth was focused primarily on individual and family services (+21,000). This reflects the growing need for support services in communities, highlighting social and demographic changes driving demand.

  5. Construction: Employment rose by 25,000 jobs, continuing a steady trend of growth in the industry, fueled largely by nonresidential specialty trade contractors (+17,000). This aligns with broader infrastructure development efforts across the country.

Stable Sectors and Broader Labor Trends

While certain industries showed significant gains, others remained stable with little change in employment. These include mining, manufacturing, wholesale and retail trade, transportation and warehousing, information, and professional and business services.

Despite the steady job creation, unemployment held at 4.1%, equating to about 6.8 million unemployed individuals. This is higher than a year ago when the jobless rate was 3.8%, and the number of unemployed people was 6.3 million. The number of long-term unemployed, those out of work for 27 weeks or more, remained at 1.6 million, representing 23.7% of all unemployed individuals.

Moreover, the labor force participation rate remained unchanged at 62.7%, a sign that the overall percentage of Americans either working or actively looking for work has stabilized, though it remains below pre-pandemic levels.

Economic Indicators Beyond Job Creation

Several additional data points from the report shed light on broader labor market dynamics:

  • Wages: The average hourly earnings for all employees on private nonfarm payrolls increased by 13 cents, or 0.4%, reaching $35.36. Year over year, wages have risen by 4.0%, indicating that wages are keeping pace with inflationary pressures.

  • Workweek: The average workweek for all private-sector employees edged down slightly to 34.2 hours, while the manufacturing workweek remained steady at 40.0 hours.

Impact of Hurricane Francine

Hurricane Francine, which made landfall in southern Louisiana on September 11, had no discernible effect on national payroll employment, hours, or earnings, according to the Bureau of Labor Statistics (BLS). Despite the storm's impact on local areas, national survey response rates remained within normal ranges, suggesting limited disruption at the national level. However, it will be important to monitor the October and November reports for any delayed effects in the regional labor markets most affected by the hurricane.

Revisions to Prior Data

The BLS also revised upward the employment changes for July and August by a combined 72,000 jobs. This upward revision highlights the challenges of gathering accurate, timely data, especially in the midst of economic uncertainty, but also reinforces the underlying strength of the job market over the summer months.

Looking Ahead

As we move toward the end of 2024, the labor market continues to exhibit signs of stability, though potential challenges remain. Rising interest rates, inflationary pressures, and external factors like extreme weather events could still influence employment trends in the coming months. The upcoming October 2024 employment report will provide further insights into how the job market is evolving and whether the current trajectory of growth can be sustained through the end of the year.

In the meantime, this month's report offers encouraging news for several key industries, particularly in service sectors like food, health care, and social assistance. Despite some broader economic concerns, the U.S. labor market remains on a solid footing.

Stay tuned for the next report on November 1, 2024, for the latest updates and analysis on the nation's employment situation.

Source: https://www.bls.gov/news.release/empsit.nr0.htm


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90 pips potential profit in 51 seconds on 2 August 2024, analysis on forex fx futures news trading USDJPY and EURUSD on US Employment Situation (Non-farm payrolls/NFP) data

According to our analysis USDJPY and EURUSD moved around 90 pips on US Employment Situation (Non-farm payrolls / NFP) data on 2 August 2024.

USDJPY (73 pips)

EURUSD (17 pips)

Charts are exported from JForex (Dukascopy).


Navigating Through the Tides: U.S. Employment Situation in July 2024

In the ever-evolving landscape of the U.S. labor market, July 2024 presented a nuanced picture of growth and challenges, as detailed in the latest release from the U.S. Bureau of Labor Statistics (BLS). The month saw the unemployment rate nudge up to 4.3 percent, alongside modest job growth, indicating both resilience and areas of concern in the economy. Here’s an in-depth look at the dynamics shaping the employment situation.

The Rise in Unemployment

July's slight uptick in unemployment to 4.3 percent, up from 4.1 percent in June, resulted in 352,000 more individuals being classified as unemployed. This increase in unemployment rates, especially notable among adult men and White populations, paints a picture of an economy that is still recalibrating post-pandemic and other macroeconomic pressures. This rate is significantly higher compared to last year's 3.5 percent, suggesting a slow but uncertain recovery path.

Sector-Specific Insights

The payroll data offers a glimpse into where the growth is happening and which sectors are lagging:

  • Health Care: This sector added 55,000 jobs, maintaining a robust growth pattern, particularly in home health care services and hospitals. This is indicative of ongoing demand in the health services industry.

  • Construction and Transportation: Both sectors continued to show resilience with steady job additions, which align with broader economic activities and infrastructural developments.

  • Information Sector: In contrast, the information sector shed 20,000 jobs, highlighting the volatility in tech and media industries amidst shifting business models and technological disruptions.

Part-Time Work and Economic Reasons

An interesting facet of the July report is the rise in individuals working part-time for economic reasons, which jumped by 346,000 to 4.6 million. This increase suggests that while jobs are available, they may not fully meet the needs or qualifications of job seekers, or that businesses are hesitating to commit to full-time hires amid economic uncertainties.

Labor Force Dynamics

The labor force participation rate stood unchanged at 62.7 percent, and the employment-population ratio also held steady. However, the number of people not in the labor force but wanting a job increased notably by 366,000, reaching 5.6 million. These figures underscore a complex scenario where many are on the sidelines of the job market, possibly due to mismatches in job opportunities or other barriers to employment.

Earnings and Work Hours

Average hourly earnings saw a modest increase, suggesting mild wage pressures. The average workweek decreased slightly, which might reflect adjustments in business operations or shifts in employment from full-time to part-time roles.

Forward Look

The modest job growth and the rise in unemployment rate in July serve as a reminder of the fragile balance in the labor market. As businesses navigate through economic headwinds and policy changes, the coming months will be crucial in shaping the trajectory of recovery and growth.

As we look towards the August report, due to be released in early September, stakeholders from policymakers to investors, and everyday citizens will be keen on understanding whether these trends are a temporary blip or a sign of more profound shifts in the U.S. economy.

Source: https://www.bls.gov/news.release/empsit.nr0.htm


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58 pips potential profit in 39 seconds on 7 June 2024, analysis on forex fx futures news trading USDJPY and EURUSD on US Employment Situation (Non-farm payrolls/NFP) data

According to our analysis USDJPY and EURUSD moved around 58 pips on US Employment Situation (Non-farm payrolls / NFP) data on 7 June 2024.

USDJPY (38 pips)

EURUSD (20 pips)

Charts are exported from JForex (Dukascopy).


Analyzing the May 2024 U.S. Employment Report: Trends and Implications

The latest Employment Situation Summary released by the U.S. Bureau of Labor Statistics provides an insightful glimpse into the current state of the nation's job market as of May 2024. A robust addition of 272,000 jobs indicates continuing growth across multiple sectors, maintaining a stable unemployment rate of 4.0 percent. This post delves into the details of the report, highlighting key trends and what they might mean for the economy and job seekers.

Key Highlights from the May 2024 Report

  • Continued Growth in Key Sectors: The health care, government, leisure and hospitality, and professional, scientific, and technical services sectors led job additions for the month. Notably, health care saw an addition of 68,000 jobs, aligning with its average monthly gain, signaling ongoing robust demand in this sector.

  • Stable Unemployment Rates: The unemployment rate held steady at 4.0 percent, with little change across major worker groups. Adult men and women posted unemployment rates of 3.8 percent and 3.4 percent respectively, while the unemployment rate for teenagers was significantly higher at 12.3 percent.

  • Part-Time and Marginal Attachments: Approximately 4.4 million individuals were employed part-time for economic reasons, unchanged from the previous month. Additionally, 1.5 million people were marginally attached to the labor force, including 462,000 discouraged workers who believe no jobs are available for them.

Economic Trends and Labor Market Dynamics

The stability in unemployment rates combined with significant job growth in sectors like health care and technical services suggests a maturing recovery phase as the economy rebounds from previous disruptions. The consistency in sectors like health care underscores the critical demand for healthcare services, possibly driven by an aging population and greater health consciousness post-pandemic.

Government job increases also reflect ongoing public sector investments, which often provide a stabilizing effect on employment during economic fluctuations. Meanwhile, the leisure and hospitality sector's recovery is indicative of restored consumer confidence and spending levels.

Challenges and Opportunities

Despite the overall positive outlook, there remain areas of concern, such as the high unemployment rate among teenagers and the substantial number of individuals working part-time due to economic conditions. These issues highlight the need for targeted policy interventions, such as improved job training and education programs, especially for younger workers.

The slight increase in discouraged workers also suggests that some segments of the population are not feeling the benefits of economic recovery, possibly due to skills mismatches or geographic disparities in job availability.

Forward Outlook

Looking ahead, the labor market appears to be on a stable trajectory, but with some areas needing attention to ensure broader participation and benefits from economic growth. Employers and policymakers alike should focus on inclusive growth strategies that address the needs of the most vulnerable populations.

The next Employment Situation Summary, slated for release in early July, will be closely watched for signs of whether these trends continue, especially in terms of wage growth and labor force participation rates.

Overall, the May 2024 employment report paints a picture of a resilient U.S. job market, with ongoing opportunities tempered by challenges that need to be managed to sustain long-term economic health.

Source: https://www.bls.gov/news.release/empsit.nr0.htm


Start forex fx futures news trading with Haawks G4A low latency machine-readable data today, one of the fastest news data feeds for US economic and commodity data.

Please let us know your feedback. If you are interested in timestamps, please send us an email to sales@haawks.com.

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