US Non-Farm Payrolls (NFP) Report Preview

From forex.com

The US Non-Farm Payrolls (NFP) Report showed a 177K rise in April versus forecasts for a 130K print, while Average Hourly Earnings held steady at 3.8% amid projections for a 3.9% reading. A deeper look at the report showed the Unemployment Rate holding steady at 4.2% in April even as the Labor Force Participation Rate widened to 62.6% from 62.5% the month prior. At the same time, the update from the Bureau of Labor Statistics (BLS) revealed that ‘employment continued to trend up in health care, transportation and warehousing, financial activities, and social assistance,’ with the report going onto say that ‘The ... (full story)