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Will Analysts Get US NFP Right This Time?

From orbex.com

Economists are more optimistic about how many jobs were created in the US last month. But, that might be an over-correction from consistently underestimating the resilience of the labor market this year. But, there are other factors that make predicting Friday’s release a little more difficult, meaning there is more chance for volatility in the markets. Because of the holidays earlier in the week, several key pre-NFP labor data points have been delayed. That includes ADP and JOLTS numbers. The latter is particularly important because of why the number of jobs has been consistently underestimated. All of this feeds ... (full story)

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  • Category: Fundamental Analysis