Word for the day: Nonfarm payrolls • The monthly US nonfarm payroll number is probably the most important single monthly statistic nowadays. • That’s because it’s a) the first official statistic released about the preceding month and b) the US Fed considers employment conditions as well as inflation when setting policy. • Markets tend to slow down ahead of major indicators like this and there can be considerable volatility after they are released, so our clients should be careful ahead of them – or on the other hand, they might want to take a view on what the figure will be.
Posted on: Sat, 04 Oct 2014 02:18:23 +0000
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