What key US job market figures are traders watching?

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Traders are watching the US Nonfarm Payrolls and the unemployment rate
Traders are focused on the US Nonfarm Payrolls report due on the day in question, with expectations for June job growth and the unemployment rate. Consensus estimates point to the US economy adding 114,000 jobs in June, while the unemployment rate is expected to stay at 4.3 per cent.
Consensus expects 114,000 jobs added in June
Market participants are looking for the Nonfarm Payrolls outcome for June. The consensus estimate is that the US economy added 114,000 jobs during that month.
The unemployment rate is expected to hold at 4.3 per cent
Alongside the jobs figure, traders are also watching the unemployment rate projection for the same release. The unemployment rate is expected to remain steady at 4.3 per cent.
The focus comes as US data is awaited
The shift to US economic data is tied to the lack of clear forward guidance on US interest rates, leaving markets to rely more on incoming data. Against that backdrop, traders are turning attention specifically to the Nonfarm Payrolls report.

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What key US job market figures are traders watching?

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