Pay attention to the US Non-Farm Payrolls today

Pay attention to the US Non-Farm Payrolls today

Get Ready For US Non-Farm Payrolls

The US Jobs Report will be released at 12:30 p.m. (GMT).

Why Is This Important?

The Non-Farm Payrolls track the change in the number of people employed by the US in manufacturing, construction, and goods companies. It does not include farming industry employment. The US Jobs Report is so important for the upcoming Fed decisions.

The dollar rose on Thursday, climbing for a second straight session, as investors bet on another strong U.S. non-farm payrolls report that should keep the Federal Reserve on an aggressive tightening path for some time.

Chicago Fed President Charles Evans on Thursday said the Fed's policy rate is likely headed to 4.5%-4.75% by the spring of 2023 as the Fed increases borrowing costs to bring down too-high inflation.

On Wednesday, the ADP National Employment report showed private employment rose by 208,000 in September, above the 200,000 consensus forecast.

We will closely watch the US Jobs Report today. Economists are expecting the U.S. economy to have created 250,000 jobs last month, with the unemployment rate holding steady at 3.7% and wage growth staying elevated.