{"id":36865,"date":"2022-11-04T07:28:00","date_gmt":"2022-11-04T07:28:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=36865"},"modified":"2022-11-04T12:00:29","modified_gmt":"2022-11-04T12:00:29","slug":"morning-brief-nfp-forecasts","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/morning-brief-nfp-forecasts\/","title":{"rendered":"Morning Brief – NFP Forecasts"},"content":{"rendered":"\t\t
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Financial markets remain in a tense mood ahead of the release of the Non-farm payrolls result. Traders will be looking closely at the headline number and the unemployment rate.<\/p>

Ahead of the Non-farm payrolls result it could be a great time to look at how analysts at the major banking institution are currently thinking about the headline number and data inside the report.<\/p>

Deutsche Bank<\/a> have a slightly bearish take and note that \u201cThe headline consensus is at +190,000 with private at + 195,000. We expect the unemployment rate to stay at 3.5% but the consensus expects it to tick up to 3.6%. Average hourly earnings are expected by the street to dip from 5% to 4.7%.\u201d<\/p>

The French investment bank Society G\u00e9n\u00e9rale<\/a> are more bullish. Society G\u00e9n\u00e9rale note that \u201cFor October, we expect NFP to rise by 300K, faster than the 263K reported in September.\u201d<\/p>

And that \u201cPayrolls grew an average of 562,000 per month in 2021 and in the first half of 2022 they grew at a 444,000 pace. The unemployment rate is expected to hold steady at 3.5%, but we view a further decline to 3.4% as highly likely very soon. With employment gains above a 150-175,000 range per month, there is pressure for the unemployment rate to drop. We estimate the 150-175K,000 pace as representing growth in the working-age population.\u201d<\/p>

United States investment Citibank<\/a> said they expect \u201cUS October Nonfarm Payrolls at 170,000, prior: 288,000, and Average Hourly Earnings month on month \u20130.4%.\u201d<\/p>

Citi: expect the Unemployment Rate at 3.5%, with the prior staying at 3.5%. Employment growth in recent months is slowing back towards pre-pandemic. They note that \u201cWe expect further slowing into next year with monthly job losses as demand cools further.\u201d<\/p>

Wells Fargo<\/a> state that \u201cWhile overall growth prospects have weakened considerably, we expect employers to continue to hire at a solid pace in the near term and Forecast\u00a0payrolls to increase by 190,000 in October. We anticipate the unemployment rate will hold steady at 3.5% in October and look for average hourly earnings to rise 0.3% over the month.\u201d<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Financial markets remain in a tense mood ahead of the release of the Non-farm payrolls result. Traders will be looking closely at the headline number and the unemployment rate. Ahead of the Non-farm payrolls result it could be a great time to look at how analysts at the major banking institution are currently thinking about […]<\/p>\n","protected":false},"author":4,"featured_media":11209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[727,242,163,719,184],"yoast_head":"\nMorning Brief - NFP Forecasts - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/morning-brief-nfp-forecasts\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief - NFP Forecasts Morning Brief - NFP Forecasts\" \/>\n<meta property=\"og:description\" content=\"Financial markets remain in a tense mood ahead of the release of the Non-farm payrolls result. Traders will be looking closely at the headline number and the unemployment rate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/morning-brief-nfp-forecasts\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-04T07:28:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-04T12:00:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/GettyImages-1180969426-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"509\" \/>\n\t<meta property=\"og:image:height\" content=\"289\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morning Brief - NFP Forecasts Morning Brief - NFP Forecasts\" \/>\n<meta name=\"twitter:description\" content=\"Financial markets remain in a tense mood ahead of the release of the Non-farm payrolls result. 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