🆘 BREAKING NEWS !!!
US JULY LABOR MARKET SHOWS SIGNIFICANT WEAKENING, WAGE PRESSURES EASE 📉📊
• Average Hourly Earnings (MoM): Actual at 0.1% for July, falling significantly below the 0.3% forecast, indicating easing wage pressures. 💰
• Non-Farm Payrolls (NFP): A notable decrease of 23,000 jobs, sharply missing the forecast of an 80,000 increase. The prior month's figure was also revised down to 20,000 from 57,000. 📉
• Private & Government Payrolls: Private sector jobs rose by only 30,000 (forecast 82,000), while government employment saw a substantial drop of 53,000. 🏛️
• Unemployment Rate: Fell to 4.1%, slightly better than the 4.2% forecast and previous month. However, the Labor Force Participation Rate declined to 61.4%, below the 61.6% expectation. 🧑💼
• Manufacturing Payrolls: Increased by 5,000, slightly above the 4,000 forecast, but remains low compared to pre-adjustment levels. 🏭
• Average Weekly Hours: Remained steady at 34.3 hours, matching forecasts. ⏰
• Annual Wage Growth: Average hourly earnings increased by only 3.2% YoY, missing the 3.5% forecast. 💲
This data collectively suggests a noticeably weaker US labor market and moderating wage inflation, potentially increasing expectations for an earlier Federal Reserve policy easing. 🕊️
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US JULY LABOR MARKET SHOWS SIGNIFICANT WEAKENING, WAGE PRESSURES EASE 📉📊
• Average Hourly Earnings (MoM): Actual at 0.1% for July, falling significantly below the 0.3% forecast, indicating easing wage pressures. 💰
• Non-Farm Payrolls (NFP): A notable decrease of 23,000 jobs, sharply missing the forecast of an 80,000 increase. The prior month's figure was also revised down to 20,000 from 57,000. 📉
• Private & Government Payrolls: Private sector jobs rose by only 30,000 (forecast 82,000), while government employment saw a substantial drop of 53,000. 🏛️
• Unemployment Rate: Fell to 4.1%, slightly better than the 4.2% forecast and previous month. However, the Labor Force Participation Rate declined to 61.4%, below the 61.6% expectation. 🧑💼
• Manufacturing Payrolls: Increased by 5,000, slightly above the 4,000 forecast, but remains low compared to pre-adjustment levels. 🏭
• Average Weekly Hours: Remained steady at 34.3 hours, matching forecasts. ⏰
• Annual Wage Growth: Average hourly earnings increased by only 3.2% YoY, missing the 3.5% forecast. 💲
This data collectively suggests a noticeably weaker US labor market and moderating wage inflation, potentially increasing expectations for an earlier Federal Reserve policy easing. 🕊️
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