{"id":92024,"date":"2023-11-03T17:51:53","date_gmt":"2023-11-03T13:51:53","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=92024"},"modified":"2023-11-03T17:51:54","modified_gmt":"2023-11-03T13:51:54","slug":"us-nfp-data-falls-shy-of-forecasts","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-nfp-data-falls-shy-of-forecasts\/11\/03\/market-updates\/","title":{"rendered":"US NFP data falls shy of forecasts"},"content":{"rendered":"\n<p>The greenback slid sharply after the October non-farm payrolls report showed employment rising by 150k, underperforming estimates of 180k. Last month&#8217;s print was also revised down from 336k to 297k.<\/p>\n\n\n\n<p>Unemployment edged up to 3.9% from 3.8% as participation rates dipped to 62.7%. Meanwhile, wage inflation slowed slightly as average hourly earnings rose 4.1% year-on-year versus forecasts of a hold at 4.3%.<\/p>\n\n\n\n<p>The dollar index slumped over half a percent in immediate fallout to 105.55. The NFP miss suggests labor market cooling and raises prospect of more dovish moves by the Fed.<\/p>\n\n\n\n<p>Downbeat data clipped the dollar&#8217;s wings today. Markets now eye upcoming speeches from Fed policymakers to gauge the rates outlook. Any signs they may pause hikes could fuel further USD weakness into next week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The greenback slid sharply after the October non-farm payrolls report showed employment rising by 150k, underperforming estimates of 180k. Last month&#8217;s print was also revised down from 336k to 297k. Unemployment edged up to 3.9% from 3.8% as participation rates dipped to 62.7%. Meanwhile, wage inflation slowed slightly as average hourly earnings rose 4.1% year-on-year &hellip;<\/p>\n","protected":false},"author":9,"featured_media":81257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,8143,6892,8324,8423],"class_list":["post-92024","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-interest-rate-hikes","tag-nfp","tag-us-dollar-index","tag-us-jobs"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=92024"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92024\/revisions"}],"predecessor-version":[{"id":92025,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92024\/revisions\/92025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81257"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=92024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=92024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=92024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}