How Jobs Data Impacts Stocks and Interest Rates

Added: 2026-05-24

[00:00:00]Guys, it's payrolls tomorrow. Can we make sure we're not taking lunch off the desk, please?

[00:00:05]>> Now, you need to monitor this as it really impacts your net worth. And so, on the first Friday of each month at 8:30 a.m. New York time, [music] the United States Bureau of Labor and Statistics reports non-farm payrolls, also called NFP, meaning job gains or job losses, and the unemployment rate as well. And the market moves immediately on the news. Reece, where's street on the NFP print at 1:30, please? Uh consensus is plus 250. We're at plus 150. And so, the street expects 250,000 new jobs to be added in the month versus Pierpoint's estimate of 150,000 new jobs. If Pierpoint is right, then the market will likely decline a lot when the news comes out. And this is crucial to monitor because if the number of jobs added is much worse than expected, then the Federal Reserve might need to cut interest rates in order to stimulate the economy so that more jobs are created.