Breaking: US Nonfarm Payrolls rise by 194,000 in September, dollar weakens
|Nonfarm Payrolls (NFP) in the US rose by 194,000 in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading missed the market expectation of 500,000 by a wide margin. On a positive note, August's print of 235,000 got revised higher to 366,000.
Further details of the publication revealed that the Unemployment Rate declined to 4.8% from 5.2% in August, compared to analysts' estimate of 5.1%. Additionally, the Labor Force Participation Rate edged lower to 61.6% from 61.7% and the wage inflation, as measure by the Average Hourly Earnings, rose 4.6% on a yearly basis as expected.
Follow our live coverage of the US jobs report and the market reaction.
Market reaction
With the initial market reaction, the greenback came under modest selling pressure and the US Dollar Index was last seen losing 0.15% on the day at 94.05.
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