Strong Job Data: 75 Basis Point Hike Possible

US Aug Job Data

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These nonfarm payroll data are in accordance with market expectations as Dow Jones estimated 318000 jobs.

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Hourly Rate is Slow

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Highest Job Gains

44000 48000 68000 Retail HealthCare Business & Professional Services [{ "selector": ".sfnwn-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".foxcq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".jamti-a", "duration": "500ms", "fill": "forwards", "delay": "2000ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 529.5px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".wajle-a", "duration": "500ms", "fill": "forwards", "delay": "1500ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 209px)) scale(0.15)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0px) scale(1)", "opacity": "1"} ] }, { "selector": ".qubis-a", "duration": "1000ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(-159px) scale(0.15)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0) scale(1)", "opacity": "1"} ] }, { "selector": ".nmqdc-a", "duration": "500ms", "fill": "forwards", "delay": "2000ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 530px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".bfeex-a", "duration": "500ms", "fill": "forwards", "delay": "1500ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 229px)) scale(0.15)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0px) scale(1)", "opacity": "1"} ] }, { "selector": ".zkexb-a", "duration": "500ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "transform": "translateX(-159px) scale(0.15)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0) scale(1)", "opacity": "1"} ] }, { "selector": ".knlmm-a", "duration": "500ms", "fill": "forwards", "delay": "2000ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 501px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".giedg-a", "duration": "500ms", "fill": "forwards", "delay": "1500ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 231px)) scale(0.15)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0px) scale(1)", "opacity": "1"} ] }, { "selector": ".pemzq-a", "duration": "500ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "transform": "translateX(-159px) scale(0.15)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0) scale(1)", "opacity": "1"} ] }]

Hiring is Slow But Strong

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More Rate Hike Possible

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The strong labor market suggests that Fed will continue to hike interest rates aggressively.

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Investors are looking for Fed’s next interest rate hike at Sept FOMC Meeting which will be held on 20-21 September. Market Participants expect a 50 to 75 basis point hike.

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Strong Job Data: 75 Basis Point Hike Possible

US Aug Job Data

The United States added 315000 jobs in August 2022 and the unemployment rate jumped to 3.7%

These nonfarm payroll data are in accordance with market expectations as Dow Jones estimated 318000 jobs.

Hourly Rate is Slow

The hourly earnings in August 2022 were 0.3% higher than July earnings and 5.2% higher than a year ago.

Highest Job Gains

Hiring is Slow But Strong

The August job data suggest that hiring is slow but stayed strong although many companies have announced hiring freeze and layoffs

More Rate Hike Possible

Inflation is at 40 years high and the fed is raising interest rates to curb inflation. The job data is an important factor for Fed to decide the upcoming rate hikes.

The strong labor market suggests that Fed will continue to hike interest rates aggressively.

Investors are looking for Fed’s next interest rate hike at Sept FOMC Meeting which will be held on 20-21 September. Market Participants expect a 50 to 75 basis point hike.

50 to 75 Basis Point Hike