Non-Farm Employment lower than forecasted

Source: Dukascopy Bank SA


At 12:15 GMT, Automatic Data Processing, Inc. reported monthly changes in employment, excluding farming industry. Current macroeconomic data suggests, that employee hiring process in having a slowdown.

Forecasted number was 144 thousand, actual number came in lower-at 99 thousand. Non-Farm Employment change has an important role as a leading indicator for the US economy, consumer spending in the economy is crucial for forward economic expansion.

Dollar is reacting to the downside. Lower than excepted changes in Non-Farm employment can possibly indicate economic slowdown. Central planner intervention is imminent if the trend continues.
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