The coronavirus outbreak has closed offices, factories, schools, construction sites and shops that promote the US economy. On Wednesday, ADP's payroll report showed the depth and magnitude of job losses that did not leave indifferent any part of the world's largest economy. American businesses have shrunk by an unprecedented 20.2 million jobs, a major collapse.
This report is two days ahead of an official monthly US labour market data. We believe that today's report will show that US unemployment will reach 16 percent, compared with 4.4 percent in March. That will give rise to the strongest volatility and strengthening of the dollar across the entire spectrum of the market.
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Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #labour #market #report
This report is two days ahead of an official monthly US labour market data. We believe that today's report will show that US unemployment will reach 16 percent, compared with 4.4 percent in March. That will give rise to the strongest volatility and strengthening of the dollar across the entire spectrum of the market.
=======
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #labour #market #report
