Everything You Need To Know Ahead Of Friday’s Job Report
Estimize | Jul 07, 2017 12:16AM ET
The unemployment rate will be published by the Bureau of Labor Statistics this Friday, July 7th. Alongside unemployment, Average Hourly Earnings and Change in Nonfarm Payrolls will also be reported.
Estimize consensus:
Unemployment rate : 4.5%
Average Hourly Earnings : 0.3%
Change in Nonfarm Payrolls : 185K
Analysts from Estimize are predicting the unemployment rate to increase slightly to 4.5%. Some economists are claiming that the natural level of unemployment sits at 4.3% which would mean we are nearing full employment. However, full employment does not mean everyone is at a job they would prefer.
What are you expecting for the US Unemployment Rate?
Nonfarm Payrolls is expected to come in at 185,000, which would be an increase of 47,000 compared to last month. Based on data from Paychex, the top five states for small business job growth include Tennessee, Florida, Georgia, Washington, and Virginia.
What are you expecting for the US Change in Nonfarm Payrolls?
Average Hourly Earnings are predicted to have a slight increase (0.1 percentage points) to 0.3% from 0.2%. This increase could be from the tightening labor market as well as the increase in inflation. Analysts are hoping this increase in wages will have a direct effect on the consumer discretionary sector.
What are you expecting for US Average Hourly Earnings?
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.