Markets react to US employment data

Source: Dukascopy Bank SA


The United States Bureau of Labor Statistics has just published the US monthly employment data sets. The Dollar jumped against all other assets due to the data being overwhelmingly positive.

Average Hourly Earnings were expected to have increased by 0.3% over the month. Actual growth was 0.4%.

Non-Farm Employment Change or the number of new employed people was forecast to be 168,000, but actual number was 216,000.

Meanwhile, market consensus for the official Unemployment Rate was at 3.8%. However, the rate remains at 3.7%.
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