Non-farm employment in the U.S. for June increased by 147,000 positions, in line with expectations.
The seasonally adjusted data indicates that this figure is close to the expectation of 110,000, while the previous level was raised from 139,000 to 144,000 jobs.
MAIN CONTENT
Non-farm payroll employment in the U.S. for June reached 147,000 positions.
This figure aligns with the expectation of 110,000 jobs.
Last month's data was revised upward from 139,000 to 144,000.
How was the non-farm employment data for June published in the U.S.?
According to a reputable report published on July 3, the number of seasonally adjusted non-farm jobs in the U.S. reached 147,000 positions. This result closely aligns with the forecast of economists at 110,000, reflecting the stability of the U.S. labor market during this period.
The June employment report indicates stable recovery, contributing to market confidence and expectations of stable monetary policy in the near future.
Jinshi, economic analysis expert, July 3, 2024
What impact does the revision of last month's data have on market analysis?
The employment figure for May has been revised from 139,000 to 144,000, indicating that previous data was somewhat lower than reality. This provides investors and policymakers with a more accurate view of labor market trends, leading to better-informed decisions.
Data adjustments are necessary to accurately reflect the economic reality, enhance the reliability of reports, and support economic decisions based on accurate data.
Leader of the U.S. Economic Research Institute, 2024
Why is non-farm employment data important for the financial market?
Non-farm employment data is an accurate indicator of actual economic conditions and the health of the labor market. This data directly influences the interest rate policy of the U.S. Federal Reserve and global investor sentiment.
For example, when job numbers rise beyond expectations, a tightening of monetary policy may occur to curb inflation, which affects cryptocurrency prices and the stock market.
Compare employment data for May and June 2024
Month New job positions (seasonally adjusted) Forecast 5/2024 (revised) 144,000 Not applicable 6/2024 147,000 110,000
Frequently Asked Questions
What is non-farm employment? The number of jobs counted across all sectors outside the agricultural sector, reflecting the overall health of the U.S. labor market. Why is data adjusted after the initial release? Adjustments help eliminate seasonal effects, ensuring the data accurately reflects economic reality. How does this data affect cryptocurrency? It impacts through expectations of monetary policy and investor sentiment, subsequently influencing prices in the cryptocurrency market. What is the basis for employment forecasts? Historical data along with macroeconomic factors to predict employment trends during the reporting period. Which organization publishes employment reports? The U.S. Department of Labor is responsible for the official monthly release.
Source: https://tintucbitcoin.com/bitcoin-giam-nhe-sau-bao-cao-viec-lam/
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