According to the latest information, Non-Farm Employment Data in the USA was announced as 199,000, above the expectation of 183,000. The previous non-farm employment data was at 150,000.
Unemployment data was announced as 3.7%, lower than the last data and expectation of 3.9%.
US November average hourly earnings data was announced as 0.4%, higher than the estimated 0.3%. The previous month’s data was at 0.2%.
After the data, the reaction of Bitcoin and dollar index was as follows:
September employment change was revised down by 35,000 from +297,000 to +262,000, while October employment change remained at +150,000. With these revisions, employment in September and October was 35,000 lower than previously reported.
The data follows Wednesday’s JOLTS survey, which showed employment gaps falling to their lowest level since May 2021. Then the ADP Employment Report revealed that private sector employment increased by only 103,000 in November, versus expectations for an increase of 130,000.
However, while the ADP report is often seen as a rough guide to the government’s ‘official’ report, figures have varied significantly in recent months.
*This is not investment advice.
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