Breaking: US Nonfarm Payrolls rise by 315,000 in August vs. 300,000 expected
|Nonfarm Payrolls in the US rose by 315,000 in August, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed July's increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000.
Follow our live coverage of market reaction to the US jobs report.
Further details of the publication revealed that the Unemployment Rate rose to 3.7% from 3.5%. The annual wage inflation, as measured by the Average Hourly Earnings, stayed unchanged at 5.2%, compared to the market expectation of 5.3%. Finally, the Labor Force Participation Rate improved to 62.4% from 62.1% in July.
Market reaction
The US Dollar Index edged lower with the initial reaction and was last seen losing 0.4% on the day at 109.18.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.