Private Nonfarm Payrolls (Nov)
Event Data
| Metric | Value |
|---|---|
| Actual | 235K ↓ |
| Forecast | 530K |
| Previous | 628K |
Analysis
The actual value of 235K fell short of the forecast of 530K, suggesting economic concerns. This can put pressure on the USD currency and may lead to increased market volatility.
Private Nonfarm Payrolls (Nov) is an important economic indicator for United States. This data is closely monitored by traders, investors, and policymakers to assess the health of the economy and make informed decisions. Regular monitoring of such indicators helps market participants anticipate central bank policy changes and economic trends.
Frequently Asked Questions
What is Private Nonfarm Payrolls (Nov)?
Private Nonfarm Payrolls (Nov) is an economic indicator released by United States that measures important aspects of the economy. This data is closely monitored by traders, investors, and policymakers to gauge economic health and make informed decisions.
Why is this event important?
This event has Medium importance for financial markets. It provides valuable insights into the economic conditions of United States.
How did the actual value compare to forecasts?
The actual value (235K) fell short of the forecast (530K), which may indicate economic weakness. This can put pressure on the USD currency.
When was this data released?
This economic data was released on March 12, 2021 at 13:30 UTC. Economic calendars help traders plan around these releases to manage risk and capitalize on market movements.
