Data disclosed is as follows:
*Expected 180k in non-farm employment data – Previous 253k – Disclosed 339k
*Expected in unemployment data 3.5% – Previous 3.4% – Announced 3.7%
Data announced on the first Friday of every month are followed closely by investors and interested parties in order to understand the state of the economy.
The fact that the non-farm employment data is above the expectations is considered as a signal of the economic recovery in that country and has a positive effect on the currency.
Changes in the labor market are very effective on the monetary policy of the FED. The FED, which thinks that the labor market should cool down in addition to the fall in inflation, closely monitors employment data.
With the effect of the banking crisis, the reversing wind in interest rate increases may accelerate in favor of risky assets with lower inflation and employment data.
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