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Non-farm Payrolls and Unemployment Rate

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Better than expected results released by the Bureau of Labor Statistics.

The new data published by the Bureau of Labor Statistics is good news for the market. For May, the payrolls declined by 2.509 million. It is much better than the expected 7.750 million. Now, the market seems to recover after the record number it reached in April – 20.537 million.

The same report shows an unemployment rate of 13.3%. The unemployment rate for May was expected to reach almost 20% after nearly 21 million people lost their jobs in April and many more in the past month. According to analysts, the rate could have been close to levels last seen during the Great Depression.

The consensus shows that starting this month, the labor market will begin to improve as businesses reopen and people start resuming their activities.

Markets rejoiced, and USA30 added 2.3%, while USA500 gained 1.5%. TECH100 went up 0.3%

Sources: forexfactory.com, cnbc.com.


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.