{"id":338594,"date":"2024-07-06T02:57:09","date_gmt":"2024-07-05T21:27:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=338594"},"modified":"2024-07-06T02:57:09","modified_gmt":"2024-07-05T21:27:09","slug":"nonfarm-payrolls-increase-206000-in-june-vs-190000-forecast-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/nonfarm-payrolls-increase-206000-in-june-vs-190000-forecast-crypto-news\/","title":{"rendered":"Nonfarm Payrolls increase 206,000 in June vs. 190,000 forecast – Crypto News"},"content":{"rendered":"

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Nonfarm Payrolls (NFP) in the US rose 206,000 in June, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 218,000 increase (revised from 272,000) recorded in May and came in above the market expectation of 190,000.<\/p>\n

Follow our live coverage here<\/a><\/em><\/p>\n

Other details of the jobs report showed that the Unemployment Rate edged higher to 4.1% from 4%, while the Labor Force Participation Rate ticked up to 62.6% from 62.5%. Finally, wage inflation, as measured by the change in the Average Hourly Earnings, declined to 3.9% on a yearly basis from 4.1%, matching the market expectation.<\/p>\n

“The change in total nonfarm payroll employment for April was revised down by 57,000, from +165,000 to +108,000, and the change for May was revised down by 54,000, from +272,000 to +218,000,” the BLS noted in its press release. “With these revisions, employment in April and May combined is 111,000 lower than previously reported.”<\/p>\n

Market reaction to US Nonfarm Payrolls data<\/h2>\n

The US Dollar (USD) came under modest selling pressure with the immediate reaction to the Nonfarm Payrolls data. At the time of press, the USD Index was down 0.2% on the day at 104.90.<\/p>\n

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US Dollar PRICE Today<\/h2>\n

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Japanese Yen.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/th>\nUSD<\/th>\nEUR<\/th>\nGBP<\/th>\nJPY<\/th>\nCAD<\/th>\nAUD<\/th>\nNZD<\/th>\nCHF<\/th>\n<\/tr>\n<\/thead>\n
USD<\/th>\n\u00a0<\/td>\n-0.15%<\/td>\n-0.31%<\/td>\n-0.35%<\/td>\n0.12%<\/td>\n-0.24%<\/td>\n-0.29%<\/td>\n-0.11%<\/td>\n<\/tr>\n
EUR<\/th>\n0.15%<\/td>\n\u00a0<\/td>\n-0.17%<\/td>\n-0.16%<\/td>\n0.29%<\/td>\n-0.08%<\/td>\n-0.13%<\/td>\n0.03%<\/td>\n<\/tr>\n
GBP<\/th>\n0.31%<\/td>\n0.17%<\/td>\n\u00a0<\/td>\n0.00%<\/td>\n0.45%<\/td>\n0.09%<\/td>\n0.03%<\/td>\n0.16%<\/td>\n<\/tr>\n
JPY<\/th>\n0.35%<\/td>\n0.16%<\/td>\n0.00%<\/td>\n\u00a0<\/td>\n0.48%<\/td>\n0.14%<\/td>\n0.06%<\/td>\n0.22%<\/td>\n<\/tr>\n
CAD<\/th>\n-0.12%<\/td>\n-0.29%<\/td>\n-0.45%<\/td>\n-0.48%<\/td>\n\u00a0<\/td>\n-0.37%<\/td>\n-0.41%<\/td>\n-0.28%<\/td>\n<\/tr>\n
AUD<\/th>\n0.24%<\/td>\n0.08%<\/td>\n-0.09%<\/td>\n-0.14%<\/td>\n0.37%<\/td>\n\u00a0<\/td>\n-0.06%<\/td>\n0.10%<\/td>\n<\/tr>\n
NZD<\/th>\n0.29%<\/td>\n0.13%<\/td>\n-0.03%<\/td>\n-0.06%<\/td>\n0.41%<\/td>\n0.06%<\/td>\n\u00a0<\/td>\n0.13%<\/td>\n<\/tr>\n
CHF<\/th>\n0.11%<\/td>\n-0.03%<\/td>\n-0.16%<\/td>\n-0.22%<\/td>\n0.28%<\/td>\n-0.10%<\/td>\n-0.13%<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)\/JPY (quote).<\/p>\n<\/div>\n<\/div>\n

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Economic Indicator<\/h2>\n
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Nonfarm Payrolls<\/h3>\n

The Nonfarm Payrolls release presents the number of new jobs created in the US during the previous month in all non-agricultural businesses; it is released by the US Bureau of Labor Statistics<\/a> (BLS). The monthly changes in payrolls can be extremely volatile. The number is also subject to strong reviews, which can also trigger volatility in the Forex board. Generally speaking, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish, although previous months’ reviews \u200band the Unemployment Rate are as relevant as the headline figure. The market’s reaction, therefore, depends on how the market assesses all the data contained in the BLS report as a whole.<\/p>\n

Read more.<\/span> <\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n

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This section below was published as a preview of the US June Nonfarm Payrolls data at 05:00 GMT.<\/em><\/p>\n