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Trading the U.S. Non-Farm Payrolls Release

From etoro.com

The United States will release Non-Farm payrolls (NFP) data at 1:30 pm London time on December 2nd. The market consensus is a print of 119k for the month of November. The NFP data shows change in the number of jobs created during the previous month in the entire United States. This data excludes jobs in the farming sector. The United States is still struggling to lower its unemployment rate which has hovered near 9% for the last two years. While the Non Farm Payrolls data has shown positive growth since November 2010, the U.S. needs to create 200K jobs a month for the next two years to recover all the jobs lost in ... (full story)

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