NFP October Jobs Report 2022

NFP October Jobs Report 2022

The US Bureau of Labor Statistics (BLS) will release the NFP October jobs report 2022 on Friday, November 4 at 14:30 GMT+2.

Expectations are for a 200K rise in Nonfarm Payrolls following the 263K increase in September while the US Unemployment Rate may increase to 3.6% from 3.5% prior.

This month’s NFP jobs report will play into the central bank’s interest rate decision at the upcoming December meeting.

With two NFP reports, and another CPI reading scheduled before the Fed’s next interest rate decision in mid-December, it’s not surprising that traders are uncertain about what the central bank will do.

For the October NFP report, consensus expectations are around 205K net new jobs and average hourly earnings projected to rise by 0.3% month-over-month.

Friday 4th November High Impact Events

Times below are GMT+2

  • 11.30 – Europe – ECB President Lagarde Speaks

Potential instruments to Trade: EUR Crosses.

  • 14.30 – Canada – Employment Change & Unemployment Rate

Potential instruments to Trade: CAD Crosses.

  • 14.30 – US – Average Hourly Earnings m/m, Non-Farm Employment Change, & Unemployment Rate

Potential instruments to Trade: USD Crosses.

  • 16.00 – Canada – Ivey PMI

Potential instruments to Trade: CAD Crosses.

  • 16.00 – US – FOMC Member Collins Speaks

Potential instruments to Trade: USD Crosses.

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

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