NFP Reveals Zero Change in US Employment

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This afternoon's Non-Farm Payrolls ( NFP ) data was shocking to forex traders at the time of its publication. Expectations had priced in a growth of roughly 74,000 jobs, down from last month's 117,000. The actual figure was a big fat doughnut hole in employment change across the United States.

The report revealed zero change in jobs for the past month . That is: no growth, no contraction (i.e. stagnation). Investors were clamoring for safety - thereby driving the USD higher - after the news was published and political pundits are beginning to crawl out of the woodwork chastising President Obama for pushing back his jobs plan speech after a dispute with House Speaker John Boehner (R-OH) after its timing was found to coincide with televised debates between Republican presidential hopefuls.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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