The July employment report is due from the US on Friday 2 August 2024 at 0830 US Eastern time, 1230 GMT
Adam had a preview posted earlier:
- Preview: July non-farm payrolls lands in a worried market
You can see the consensus estimate in the screenshot below:
- The number in the right-most column is the ‘prior’ (previous month) result.
- The number in the column next to that, where there is a number, is the consensus median expected.
- This snapshot from the ForexLive economic data calendar, access it here.
Taking a look at the range of expectations compared to the median consensus (the ‘expected’ in the screenshot above) for the key data points:
Headline NFP number:
- 70,000 to 225,000
Unemployment rate:
- 4.0% to 4.2%
Average hourly earnings m/m:
- 0.2% to 0.4%
Average hourly earnings y/y:
- 3.6% to 3.9%
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I posted this info earlier, during the Asian timezone. If you’d like my reasoning on why being aware of the above ranges are good to know going into such a critical data release, check out that earlier post here:
- Why is knowledge of such ranges important?
This article was written by Eamonn Sheridan at www.forexlive.com.
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