Market news
06.12.2019, 10:19

US: NFP likely to print 160k for November – NBF

Analysts at National Bank Financial suggest that in the US, the most important piece of news will be November’s non-farm payrolls and with jobless claims continued to hover near 50-year lows in the month which is hinting at a very subdued rate of layoffs.

“Hiring in the private sector, meanwhile, may have improved somewhat judging from Markit’s flash composite PMI report which showed employment advancing for the first time in three months. The end of the strike at GM should also prop up payrolls. Accordingly, we’re calling for a slight acceleration in employment creation to 160K, a level still significantly above what the Atlanta Fed considers sufficient to absorb new entrants to the labour market and keep the unemployment rate steady over the long term (+110K/month). The unemployment rate, for its part, may stay unchanged at 3.6% if, as we believe, the household survey shows only a small decline in employment following outsized gains in previous months.”

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location