United States publishes employment data

Source: Dukascopy Bank SA


The United States Bureau of Labor Statistics published the US monthly employment data sets at 12:30 GMT.

Non-Farm Employment Change was expected to be at 224,000. Actual change in number of employed people during June was 209,000. Average Hourly Earnings month on month change was forecast to show an increase of 0.3%. The bureau reported that wages had increased by 0.4%. Markets expected the Unemployment Rate to have increased from 5.2% up to 5.3%. The actual Unemployment Rate for June is higher at 5.4%.

The released data caused an immediate drop of the US Dollar, as these official data sets indicate that the US labor market is doing worse than previously assumed.
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