expand/collapse risk warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

75% of retail investor accounts lose money when trading CFDs with this provider.

Regulator:

×
CySEC

Skilling Ltd, is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF license No. 357/18

Continue
FSA

Skilling (Seychelles) Ltd, is authorized and regulated by the Financial Services Authority (FSA) under license No. SD042

Continue

The Skilling NFP preview - March 2023

NFP_EN.png

Non-Farm Payrolls Preview - Next release due at GMT 01:30 PM March 10th, 2023

Skilling NFP Preview

The last NFP report before the March US interest rate decision

February United States Nonfarm Payrolls expected to lose -300,000 jobs

Lower NFP forecasted compared to the previous period, but still points to strong US labour conditions

Lower NFP forecasted compared to the previous period, but still points to strong US labour conditions

The current US unemployment rate is at 3.4%, the lowest level in over 50 years. The previous NFP report indicated that 517,000 new jobs were created during January 2023. So, even with a drop of -300,000 jobs compared to January, the forecasted 200,000 new jobs created during February 2023 still implies that the US labor market remains strong.

Can strong US jobs data keep US stock indices pushing even higher into 2023?

Picture2.png

Next US Jobs report:

Friday, March 10th, 2023 GMT 01:30 PM

On the 1st Friday of every month investors expect the release of the US nonfarm payrolls (NFP) report.

Since February was a short month with only 28 days, the March NFP report was pushed forward one week to March 10th.

Date & Time Country Event Previous Forecast Current Unemployment Rate
Mar 10, 2023
1:30 PM GMT
United States Nonfarm Payrolls (NFP) (January) 517,000 (February)
200,000 to 215,000
3.4%

Experience Skilling’s award-winning platforms

Try out any of Skilling’s trading platforms on the device of your choice across web, android or iOS.

Sign up
Phone-Perspective 1.png

US unemployment at 53 year lows

Even if the February NFP misses expectations, does one report matter?

NASDAQ 100 Index leads the major US indices higher since the start of 2023


If price is a leading indicator, then the NASDAQ 100 index year to date price action suggests that investors are not so concerned about the risk of the US economy falling into a deep recession. It seems like investors have been supporting risk assets even in the face of a strong labour market, “sticky” inflation, and the prospects of higher interest rates for a longer period of time.

NFP Day Asset Focus

NFP Day Asset Focus

The above table measures the asset percentage performance from the start of 2023 to March 6, 2023.

Not investment advice. Past performance does not guarantee or predict future performance.

Related Articles

Investing in Coca-Cola shares & dividends in 2023

When it comes to investing in Coca Cola, the soft-drink beverage giant is well-known for having a long and successful tr...

Trading Idea: Jerome Powell has warned the markets, did you hear his message?

Fed Chairman said that “A pathway to a soft landing still exists”. A comprehensive analysis on today market trends and n...

Market Talk: Brace for spike in volatility, it’s Fed rate day

It’s Fed rate day. A comprehensive analysis on today market trends and news that helps traders to gain valuable knowledg...

Important notice

This page/website is not directed to EU clients and falls outside the European regulatory framework and is not in the scope of (among others) the Markets in Financial Instruments Directive (MiFID) II.
By continuing you acknowledge to view the content provided by Skilling (Seychelles) Limited, which is authorised and regulated by Seychelles Financial Supervisory Authority, and that your decision was made independently and at your exclusive initiative and no solicitation or recommendation has been made by Skilling or any other entity within the group.

Continue

Important notice

This page/website is not directed to EU clients and falls outside the European regulatory framework and is not in the scope of (among others) the Markets in Financial Instruments Directive (MiFID) II.
By continuing you acknowledge to view the content provided by Skilling (Seychelles) Limited, which is authorised and regulated by Seychelles Financial Supervisory Authority, and that your decision was made independently and at your exclusive initiative and no solicitation or recommendation has been made by Skilling or any other entity within the group.

Continue