{"id":79713,"date":"2024-04-05T10:19:10","date_gmt":"2024-04-05T07:19:10","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=79713"},"modified":"2025-12-11T11:53:46","modified_gmt":"2025-12-11T09:53:46","slug":"marchs-us-employment-report-to-shake-the-markets","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/ms\/marchs-us-employment-report-to-shake-the-markets\/","title":{"rendered":"March\u2019s US employment report to shake the markets"},"content":{"rendered":"

Today attention is expected to turn towards the release of the US employment report for March. The Non-Farm Payrolls figure is expected to drop to 200k, if compared to February\u2019s 275k, the unemployment rate to remain unchanged at 3.9% and the average earnings growth rate to ease to 4.1%yoy. Should the actual rates and figures meet their respective forecasts we may see the USD slipping as the drop of the NFP figure may disappoint traders, yet the fact that the unemployment rate is to remain unchanged at 3.9%, low, implying a relative tightness of the US employment market, may soften the blow. Please note that the uncertainty for the actual rates and figures remains high, which may increase volatility at the time of the release. Also, the release is expected to have ripple effects beyond the USD, on US stock markets and gold and a possible easing of the US employment market\u2019s tightness could support the gold and equities. The importance of the release is highlighted by the attention of the market to the Fed\u2019s intentions about the timing and the extent of future rate cuts, given also the Fed\u2019s dual mandate to keep inflation low and promote maximum employment. We do not expect the Fed\u2019s stance to be materially altered as the data seem to remain in line with prior months and may allow the bank to maintain tight financial conditions in the US economy.<\/p>\n\n\n\n

\n