US employment moves the markets

Source: Dukascopy Bank SA


The US Bureau of Labor Statistics has published the monthly US employment data sets. Data reveals a mixed month, as the statistics have shown good and bad aspects in the US labour market.

USD reacted to the news by sharply dropping and resuming the previous decline, as mixed news appear to have allowed the market to continue on in the prior direction.

Non-Farm Employment change has shown that 275,000 new jobs were created. Market expectations were for 198,000. Average Hourly Earnings were expected to have increased by 0.2%, but actual increase was just 0.1%. Unemployment Rate is at 3.9% instead of the forecast 3.7%.
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