Unemployment rate comes out as forecasted

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At 12:30 GMT, Bureau of Labor Statistics has published monthly unemployment rate. Reported Unemployment rate is at 4.2%, same as forecasted. Although unemployment came out as expected and by 0.1% lower than in previous month, market is still hesitant to confirm strength of the US economy and the US dollar.

Forecasted Unemployment data has strong impact on US dollar price. US dollar is reacting to the downside.

Anticipated level of unemployment creates more pressure on the Federal Reserve as a central planner to make necessary adjustments via monetary policy adjustments. Unemployment rate will be a crucial factor and a leading indicator of the state of the US economy.
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Tue, 10 Sep 2024 06:17:14 GMT

UK employment reveals mixed data

The publication of the UK Unemployment Claimant Count Change number and the change of the Average Earnings index for the last three months have shown mixed data. Due to this reason, the rate increased volatility by initially moving up, but then suddenly retracing back down. The Claimant Count Change was expected to show 95,500 new unemployed people in the UK.

Thu, 05 Sep 2024 14:21:47 GMT

Service PMI data come in as forecasted

The Institute for Supply Management has published the United States Manufacturing Purchasing Managers Index survey results on Services. The results are near the forecast, but still were enough to cause a surge of the US Dollar. The survey results were expected to show a reading of 51.3, but the actual number is slightly higher- 51.5. In general, a reading below

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