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Nonfarm payrolls today's major release

ArgusFX

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Nonfarm payrolls in the U.S. is today's major announcement, amid the latest implications on whether the FED will come back to its policy normalization.

Following July's ADP employment report, having shown better results, both the traders and the investors turned their focus toward the government's official numbers.

June's nonfarm release creates 287,00 payrolls

July's data could be a key indicator or parameter with regards to the labor market's strength. June's figures showed the creation of 287,000 payrolls.

Today, 8:30AM ET, or 12:30 GMT, the Labour Department in the U.S. will be announcing its nonfarm payrolls data for the month of July.

Moreover, as per the analysts' and the economists' estimations, and surveys, the job growth data is expected to be close to 180,000, with the rate of unemployment dropping to 4.8%, from the previous 4.9% rate.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/nonfarm-payrolls-today-s-major-release
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