US Change in Non-Farm Payrolls
What's Expected
Time of release.
Meanwhile, the FOMC lowered their outlook for growth as the central bank projects unemployment to 'rise significantly into 2010,' and as signs of a deepening recession emerge, policy makers may continue to step up their efforts in order to soften the landing of the economy. -524K Impact of the US employment report had on EURUSD through the past 3 months US Change In Non-Farm Payrolls The world's largest economy shed another 524K jobs in December to raise the 2008 total to 2.589M, which raised the jobless rate to a 15-year high of 7.2% from a revised reading of 6.8% in November, and marked the biggest annual contraction in employment since 1945. Nevertheless, as President-elect pledges to save or create 3M jobs over the. Labor market is expected to weaken further as economists forecast non-farm payrolls to drop another 540K In January after falling 524K in the previous month, which would raise the annual jobless rate to a 16-year high of 7.5% from 7.2%.
02/05/2009 13:30 GMT, 08:30 EST
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