Stream the recording of our live non-farm payrolls webinar that took place on Friday 3 November 2023.
Every month, our chief market analyst, Michael Hewson, provides expert commentary and analysis as the latest US jobs figures are released. If you'd like to join our next non-farm payrolls webinar, you can register in advance (and for free) here.
Key takeaways from the latest announcement
- The US economy added 150,000 new jobs in October, according to the Bureau of Labor Statistics, as jobs growth fell short of expectations for 180,000 to 185,000 new positions.
- Jobs growth in September was revised downwards to 297,000 roles, versus an original estimate of 336,000.
- The unemployment rate rose to 3.9% in October, up from 3.8% in September.
Michael Hewson's live reaction to the data covers key levels on stock indices such as the S&P 500, the Dow Jones and the Nasdaq, as well as forex pairs including EUR/USD, GBP/USD, and USD/JPY.
Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
