NFP set to flag a weak labor market in November as markets gauge Fed’s easing path
The post NFP set to flag a weak labor market in November as markets gauge Fed’s easing path appeared on BitcoinEthereumNews.com.
The United States (US) Bureau of Labor Statistics (BLS) will release the delayed Nonfarm Payrolls (NFP) data for October and November on Tuesday at 13:30 GMT. Volatility around the US Dollar (USD) will likely ramp up on the employment reports for fresh insights on the US Federal Reserve’s (Fed) path forward on interest rates going into the turn of the year. What to expect from the next Nonfarm Payrolls report? Tuesday’s US employment report will be unusual, covering data for both October and November. October’s data won’t be complete as the BLS will only release indicators from the establishment survey due to collection issues caused by the government shutdown.Economists expect Nonfarm Payrolls to rise by 40,000 in November. Markets also eagerly await the October figure after the 119,000-job gain seen in September. The Unemployment Rate (UE) is likely to remain unchanged at 4.4% during the same period. Meanwhile, Average Hourly Earnings (AHE), a closely watched measure of wage inflation, for October and November will also be published alongside the NFP releases. The AHE rose 3.8% year-over-year (YoY) in September. Previewing the employment report, TD Securities analysts said: “We expect the November employment report to show a 70k rebound in job gains after contracting by 60k in October. Weakness in both months will likely be led by the government sector.” “We also look for the UE rate to edge higher to 4.5% in November as the labor market gradually softens. Average Hourly Earnings likely rebounded to 0.3% month-over-month (MoM) after a subdued 0.1% in October,” they added. How will the US September Nonfarm Payrolls affect EUR/USD? The US Dollar is hanging close to two-month troughs against its major currency rivals in the aftermath of a less hawkish Fed outcome and ahead of the highly anticipated NFP publication. The broad USD weakness…
Filed under: News - @ December 16, 2025 5:21 am