LAST MINUTE: The eagerly awaited US Non-Farm Payroll and Unemployment Data has been released!

The economic data expected to be released in the USA has finally been shared:

• Average hourly earnings: +0.4% (beklenti: +0.3)
• Non-farm employment: +139K (expectation: +130K)
• Annual fee increase: +%3.9 (expectation: +%3.7
• Unemployment rate: %4.2 )expectation: %4.2(
• Private sector employment: +140K )expectation: +120K(
• Manufacturing employment: -8K )expectation: -5K(
• Average working time: 34.3 hours
• Labor force participation: %62.4 )expectation: %62.6

According to LSEG data, employment growth expectations ranged between 75,000 and 190,000.

In a survey conducted by Reuters, the market expectation was at the level of 130 thousand. This represents a significant decrease compared to the 177 thousand figure announced in April. The unemployment rate was expected to remain stable at 4.2%.

Bank of America (BofA) expected an increase of 150,000, above expectations, anticipating resilience in the labor market. This, the bank says, could cause the Fed to hold interest rates steady for an extended period of time. BofA analysts state that markets are more focused on the "stagnation side of stagflation".

On the other hand, UBS Chief Economist Paul Donovan said that many forecasts fell short of market expectations. "Companies may have slowed down hiring due to uncertainty in trade policies," Donovan said. However, this is unlikely to lead to an increase in layoffs. This means that rate cuts will have limited impact at the moment. However, if there is a weakening in consumer demand, rate cuts become more critical," he said.

*This is not investment advice.

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