US employment causes major USD drop

Source: Dukascopy Bank SA


The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment.

The US Dollar index is reacting to the news by sharply declining below the 104.00 mark.

Average Hourly Earnings were forecast to show a monthly increase of 0.3%. The actual income change is just 0.2%.

Non-Farm Employment Change was expected to show a reading of 176,000 new jobs. The reality is that only 114,000 new jobs have been created.

Market consensus was that the Unemployment Rate would be at 4.1%. Released number shows unemployment at 4.3%.
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