Non Farm Payrolls

December 2, 2008 by: forexwatch

Non Farm Payrolls

The Non Farm Payrolls is one of the most anticipated reports on the unemployment status of the United States and the economic condition of the country. The Non Farm Payrolls will roll in at 13.30 GMT on Friday, the 5th. December. Other related reports to the Non Farm Payrolls are:

• The Unemployment Rate which is the registered unemployed. This is expected to increase by 0.3% from 6.5% to 6.8%.
• The Average Hourly Earnings is expected to be unchanged at 0.2%
• The Manufacturing Payrolls which report on the loss of jobs in the manufacturing sector is anticipated to be at - 77K from -90K.

After about a year in recession, the Non Farm Payrolls report for November is expected to be one of the worst Non Farm Payrolls report for this year. The estimated figure is between -300K to -325K compared to -240K for the October Non Farm Payrolls Report.

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