US employment data shakes the markets

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


The United States Bureau of Labor Statistics has published the monthly US employment data sets. Employment situation in the United States is much better than expected.

US Dollar reacted to the news by jumping, as the Dollar index immediately moved from 104.05 up to 104.60.

Average hourly earnings were expected to increase by 0.3% on a month to month basis. Actual salary increases were 0.4%.

Non-farm Employment Change was forecast to show a reading of 182,000. The US economy actually created 272,000 jobs.

The official Unemployment Rate in the opinion of economists was set to remain at 3.9%. However, the official rate is 4.0%, despite the new jobs created.

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