US releases mixed employment data

Source: Dukascopy Bank SA


The United States have published their monthly employment data for August.

US Average Hourly Earnings on a month-on-month basis have increased by 0.3%, compared to forecast 0.4%. Non-farm Employment Change has beat the forecast, as 315,000 new jobs have been crated instead of 295,000. Meanwhile, the official Unemployment Rate is at 3.7% and not the forecast 3.5%.

The market took in the news as bad for the US Dollar, as the US currency dropped nearly 0.30% in the few minutes after the announcements.
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