Nonfarm payrolls

Nonfarm payrolls is the BLS count of jobs added in the US last month, released at 6:00 PM IST, 7:00 PM in winter, usually on the first Friday. It is the other half of the Fed's mandate, and the place good news is often bad for stocks. On release night Treasuries and index futures move before stocks open, and the odds of the next hike move with it.

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In MochaLearnSee how the Fed moves US markets in MochaLearn
  • Index futures (E-mini S&P 500)Index futures are futures on a stock index, like the E-mini S&P 500 on the CME. They trade almost round the clock, so…
  • Initial jobless claimsInitial jobless claims is the weekly count of Americans filing for unemployment benefit, released every Thursday at…
  • PPIPPI, the producer price index, measures the prices businesses receive, which makes it inflation upstream of the shop…
  • PCEPCE, the personal consumption expenditures price index, is the inflation measure the Fed targets at 2%, published by…
  • Unemployment rateThe unemployment rate is the share of the US labour force that wants work and has none, from the same BLS release as…
  • Cyclical vs defensive stocksCyclical stocks earn more when the economy grows and less when it shrinks: discretionary, industrials, materials…

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