US Employment data causes volatility

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Friday, at 13:30 GMT, the US Bureau of Labour Statistics published the monthly US employment data sets. Namely, the US Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate.

The data was mixed. The Unemployment Rate hit the market forecast of 6.0%. The Non-Farm Employment Change was at 916,000 new jobs instead of the expected 652,000. This caused an initial bounce up. However, the Average Hourly Earnings data was a negative 0.1% instead of the expected growth of 0.1%. Due to the negative earnings the USD value declined.

One can use the data to calculate changes in the local demand for the USD by the paying out of wages.

Namely, there were unexpected 264,000 new jobs created. Multiply that with the US median wage of the last quarter of 2020 of 3,936.00 USD per month. The result is 1,039,104,000.00 USD.

Meanwhile, there are 150,570,000 employed in the US in accordance with the 2021 estimate. If we apply the monthly average salary to the number, we get total income from wages at 592,643,520,000.00 USD. A difference of 0.2% in the actual data from the forecast is 1,185,287,040.00 USD.

In general, we have an increase of USD demand by new jobs at 1,039,104,000.00 USD versus the loss of demand in average wages at 1,185,287,040.00 USD. That is why there was an initial move down and an immediate move up on the EUR/USD chart.

Back to articles

Actual Topics

Wed, 07 Apr 2021 18:22:11 GMT

FOMC Meeting Minutes

On April 7, the US Federal Reserve's Federal Open Market Committee published the meeting minutes of its joint videoconference together with the Fed's Board of Governors. However, it did not occur together with a Monetary Policy Statement and a Rate announcement. Namely, the Meeting Minutes are from the previous monetary statement that was done in mid-March. Due to that reason,

Tue, 06 Apr 2021 13:03:23 GMT

RBA Monetary Policy Statement

On April 6, the policy of the Reserve Bank of Australia remained unchanged. "At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.