Market Focus

On Friday, 03.11.2017, attention should be payed to data on the number of employed in non-agricultural sectors and the unemployment rate in the US. The indicator of employment is an estimation of the total number of wage workers passing on payroll of enterprises in the country. The indicator shows the change in the level of employment in the country. The unemployment rate determines the percentage of the total workforce that is unemployed and actively seeking work in the US. The growth in the indicator indicates weakness in the US labor market, and its decline is positive.

According to the forecast, the change in the number of employees in September will be 310 thousand, which is higher than the previous value at the level of -33 thousand. The unemployment rate remains at the level of 4.2%. The release of data within the forecast will support the US dollar and strengthen the expectations of market participants about the Fed’s interest rate increase in December, against which one should expect the strengthening of the US currency within 50-60 points against the basket of currencies.

Alexander Sivtsov