U.S. Non-farm Payrolls (May 2019)
Posted on: 2019-05-02 (Day) By
Will The Jobs Report Continues To Support The Rate Hike in 2019?
Date Time (GMT) Previous Consensus
03 May 2019 12:30 PM 196K 185K
A better-than-expected non-farm payroll in the United States was increased by 196K in March 2019, following an upwardly revised 33K in February. Meanwhile, the unemployment rate stood at 3.8% in March 2019, unchanged from the prior month and in line with market expectations. In the wages category, average hourly earnings (YoY) rose by 3.4% in March. The Fed is watching the wages component as it seeks to meet its inflation target. The Non-farm payrolls for April was scheduled to be released on May 3rd. The market expectation Decreased to 185K compared to the last release.
U.S. Non-farm Payrolls (thousand)
The private businesses hired 275K employees in April 2019, boosted from 151K in the prior month and well above the market’s expectations of 180K. It was the fastest growth pace since July 2018. The unemployment rate will continues to drop if employment growth strengthen much further.
U.S. ADP Employment Changes (thousand)
The Dollar Index (DXY) rallied from 97 support level after a hawkish rate decision during the US session. The price has already pushed up to 98 barrier at last week, which created a 2-year high. In the 4 hours timeframe, indicators are losing their bearish momentum for both MACD and RSI. The MA system is showing a great bullish stance. Therefore, the price is remaining in its long order. Focus on 98 barrier for further movement.
Dollar Index H4 Chart