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Non-Farm Payrolls data for December 2014 (13:30pm)

Today is the first Friday of the month, and the release of the closely watch US employment data, released by the Bureau of Labor Statistics.  Today’s release at 13:30pm (London) will be the employment situation for December 2014.

On Wednesday the ADP National Employment report printed an increase of +241,000 jobs in December, which is in line with the drop of the moving average of jobless claims. The December Non-Manufacturing ISM Index dipped by 0.7 points to 56.0 from Novembers 56.7. 

Novembers release was an impressive increase in employment of +321,000 jobs, beating the median analyst expectations with the unemployment rate of 5.8%.

Median expectation:

Non-Farm Payrolls: 240K (November: 321K)

Unemployment rate: 5.8%

USD

The USD is reaching multi year highs against the Euro (lowest since November 2005) and Sterling (lowest since July 2013). If the final figure for employment for 2014 beats expectations the USD should continue the strengthening trend.

At the time of writing 11:24 (London)

EURUSD: 1.1814

GBPUSD: 1.5143

Gold: $1211/oz

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