Nonfarm
payrolls
- The monthly US nonfarm payroll
number is probably the most important single monthly statistic nowadays.
- That’s because it’s a) the
first official statistic released about the preceding month and b) the US
Fed considers employment conditions as well as inflation when setting
policy.
- Markets tend to slow down ahead
of major indicators like this and there can be considerable volatility
after they are released, so our clients should be careful ahead of them –
or on the other hand, they might want to take a view on what the figure
will be.
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