Report on employment in the USA! Today!
Dear traders,
The US Department of Labor will publish a report on employment outside the agricultural sector for March today, at 15:30 (Kyiv). The main attention in this report will be attracted not even by the indicators of employment, but by the growth of salaries.
According to the consensus forecast, an increase of 198 thousand jobs is expected after growth of 313 thousand in February. It is also projected that, after a 4.1% fall in February, the unemployment rate in the US will drop to 4.0%.
The average hourly wage in the US will be in focus. Judging by the forecasts, it will rise by 0.2% after rising 0.1% a month earlier. On an annualized basis, wage growth, according to forecasts, is 2.7%, which is slightly higher than the 2.6% recorded in February.
Wage growth, as a rule, is a sign of growing inflationary pressures, which in turn can provoke the Fed to accelerate the rate of interest rate increase.
Market players will also pay close attention to the speech of the head of the Fed, Jerome Powell, who will make a review of the economic situation in the Economic Club of Chicago at 20:30.
Have a nice day and a pre-holiday mood!
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