Stream the recording of our live non-farm payrolls webinar that took place on Friday 3 November 2023.
Every month, our chief market analyst, Michael Hewson, provides expert commentary and analysis as the latest US jobs figures are released. If you'd like to join our next non-farm payrolls webinar, you can register in advance (and for free) here.
Key takeaways from the latest announcement
- The US economy added 150,000 new jobs in October, according to the Bureau of Labor Statistics, as jobs growth fell short of expectations for 180,000 to 185,000 new positions.
- Jobs growth in September was revised downwards to 297,000 roles, versus an original estimate of 336,000.
- The unemployment rate rose to 3.9% in October, up from 3.8% in September.
Michael Hewson's live reaction to the data covers key levels on stock indices such as the S&P 500, the Dow Jones and the Nasdaq, as well as forex pairs including EUR/USD, GBP/USD, and USD/JPY.
Disclaimer: CMC Markets Singapore may provide or make available research analysis or reports prepared or issued by entities within the CMC Markets group of companies, located and regulated under the laws in a foreign jurisdictions, in accordance with regulation 32C of the Financial Advisers Regulations. Where such information is issued or promulgated to a person who is not an accredited investor, expert investor or institutional investor, CMC Markets Singapore accepts legal responsibility for the contents of the analysis or report, to the extent required by law. Recipients of such information who are resident in Singapore may contact CMC Markets Singapore on 1800 559 6000 for any matters arising from or in connection with the information.
