US Nonfarm Payrolls are seen rising by 200K in March after February’s 275K increase.
The United States Bureau of Labor Statistics will publish the labor market report at 12h30 GMT.
US employment data could impact the Fed rate cut expectations and the US Dollar dynamics.
The United States (US) Bureau of Labor Statistics (BLS) will publish the high-impact Nonfarm Payrolls data on Friday at 12h30 GMT.
The US labor market data is closely scrutinized by market participants for fresh insights on the TradingPro outlook on the interest rates, which could impact the US Dollar price action in the near term.
WHAT TO EXPECT IN THE NEXT NONFARM PAYROLLS REPORT?
The Nonfarm Payrolls report is expected to show that the US economy may have created 200,000 jobs last month, down from a 275,000 increase registered in February. January’s data was significantly revised down to show 229,000 jobs created instead of 353,000 as previously reported.
The Unemployment Rate is likely to hold steady at 3.9% in the same period. Meanwhile, Average Hourly Earnings, an important gauge of wage inflation, is set to rise 4.1% in the year through March, cooling off slightly from February’s 4.3% growth.
