About Non Farm Payrolls +Futures Trading Levels for 6.02.2022
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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NFP -Non Farm Payrolls this Friday
By Mark O’Brien
Coming up: the first Friday of the month. If you’re a futures trader and your markets of choice to trade include stock indexes, treasuries (30-yr.
/ Ultra T-bonds, 2-
, 10-yr. T-notes
), currencies, even metals
, you know the importance of this day. It’s when the Labor Dept. releases its monthly Non-farm payrolls report. It’s widely considered to be one of the most important and influential measures of the U.S. economy. To convey its findings, the Labor Dept.’s Bureau of Labor Statistics surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual work sites. The report excludes farm workers private household employees, domestic household workers and non-profit organization employees. The report also includes other detailed industry data including the overall unemployment rate – as a percentage of the total labor force that is unemployed but actively seeking work – wages, wage growth and average workday hours. The report is released at 7:30 A.M., Central Time.
Coffee to break higher?
See daily chart below.
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