Home » Events to look forward to next week

Events to look forward to next week

by admin




  • Event of the Week – Non-Farm Wages (USD, 12:30 GMT) – Nonfarm payrolls are expected to gain 230,000 in August after gains of 528,000 in July, 398,000 in June and 386,000 in May. Wage growth is expected to slow through 2022 along with subdued GDP growth, and the increase in initial and continuing claims in August suggests a risk of a decline in wages for the month. We expect an increase in factory jobs in August by 25,000 after 30,000 in July. We expect the unemployment rate to remain steady at 3.5% for the second month. Hours worked are expected to rise 0.1% after a 0.4% increase in July, while the workweek will fall to 34.5 from 34.6 in July. Average hourly earnings are expected to rise 0.2% after a 0.5% gain in July, while year-over-year wage growth is expected to hold steady at 5.2%. In the last expansion, we saw 3.5% year-over-year wage growth peak in February and July 2019, before the pandemic increased it to an 8.0% peak in April 2020. The subsequent strength of wage gains allowed for continued robust year-over-year growth into 2022, even as the return of low-paid workers into the labor force is likely to limit wage growth.

Click here to access our economic calendar

Andria Pichidi

Market analyst

Disclaimer: This material is provided as general marketing communication for informational purposes only and does not constitute independent investment research. Nothing in this communication contains or should be considered to contain investment advice or an investment recommendation or a solicitation to buy or sell any financial instrument. All information provided is collected from reputable sources and any information containing an indication of past performance is not a guarantee or a reliable indicator of future performance. Users acknowledge that any investment in leveraged products is characterized by a degree of uncertainty and that any investment of this nature involves a high level of risk for which users are solely responsible and liable. We shall not be liable for any loss arising from any investment made based on the information provided in this communication. This communication may not be reproduced or redistributed without our prior written consent.






Previous articleMarket Update – August 26th

After completing five years of study in the UK, Andria Pichidi obtained a BSc in Mathematics and Physics from the University of Bath and an MSc in Mathematics, while holding a Postgraduate Diploma (PGdip) in Actuarial Science from the University of Bath. University of Leicester.


Source Link

Related Posts