Breaking forecast: US employment report from APD Employment 15.15 Moscow Time

Breaking forecast: US employment report from APD Employment 15.15 Moscow Time

The number of new jobs in the US for June is 180,000(forecast).

Previous value of the indicator is 253,000.

The range of forecasts is 140,000 to 253,000.

Why is it important?

Employment is the most important indicator of the state of the economy. There can be no growth in an economy without an increase in employment.

We can see that the forecast shows a noticeable decrease in the labor market growth, this reflects a gradual decrease in the US economic growth. US economy has been growing for 8 years after its 2008-2009 crisis.

If the indicator comes out according to the forecast, this will be an argument for the Fed not to rush in raising interest rates and withdraw liquidity from the economy. This will lead to the continued growth of euro, pound, franc and Australian currency against the dollar.

If the indicator comes out stronger than the forecast, it is possible to strengthen the dollar, especially the growth of USD JPY. However, in this case, we expect the growth of currencies against the dollar for this week.

The material has been provided by InstaForex Company - www.instaforex.com