The NFP report brought negative news regarding the virus’ impact on the market
The latest non-farm payroll report revealed that the US
labor market, instead of gaining in the past month, lost 140,000 jobs. The
decrease was mainly caused by the resurgence in the number of COVID-19 cases.
The number of non-farm payrolls was expected to increase by 50,000 in December.
On the other hand, the unemployment rate came below the 6.8%
consensus at 6.7%. Moreover, in the past week, the number of unemployment
claims was lower-than-expected at 787,000. The market was looking for 832,000
claims.
USA30,
USA500, the Dollar, and Gold are usually reacting
to such news. Keep an eye on the market to see what is happening!
Sources: forexfactory.com
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