EUR / USD: The dollar strengthened on positive reports on the labor market
day out US Market Reports
Labor, which now had become
the most significant for investors. AT
Basically, almost all reports
It was better than the expectations of experts,
Only the unemployment rate rose
more than forecast. By 16:21 a couple
EUR / USD collapsed
1.29% – to the level of 1.1093. The dollar index also grew by 1.24% – to the level of 96.68.
reports stirred up again and revived
market. So, today it was reported that
in May the number of jobs has grown in the US
-. 280 thousand, indicating that the company
It continues to hunt for new employees,
despite the slowdown in economic
growth in the first quarter. By the way, experts
expected increase in the number of new job
seats only 225 thousand. The increase in the pace of hiring in the last month has appeared
the highest since December – and this is
bodes well for the economy
in the coming months. High-tech
companies, health care,
hotels, builders and sellers – in
all areas, new workers.
So far, only energy, coping with
low oil prices, loses
also helped to increase wages
– another good omen.
The average salary increased by 8
cents – to $ 24.96 per hour, pushing growth
the past 12 months to 2.3% as reported
Ministry of Labor. average hourly
Payment on a monthly basis rose
0.3% instead of 0.2% expected.
the number of vacancies and high rates
hiring pushed nearly 400 thousand. workers
in May. As a result, the unemployment rate
It rose to 5.5% from 5.4%. It is usually a good
sign, when more and more people join
the workforce – they know that they can
To find a job.
By the way, the growth of
employment for April and March were also
revised – the government said,
that 221 thousand were created in April. New
jobs instead of 223 thousand., as reported
previously. The March figure is also raised
to 119 thousand. instead of the former 85 thousand.
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