Latest US Jobs Report

The Buraeu of Labor Statistics have released the latest jobs report for September. Let’s take a look at the latest numbers.

The total non-farm payroll employment increased by 134,000, the U.S. Bureau of Labor Statistics reported today versus the forecast of 185,000. Biggest job gains were in professional and business services, in health care, and in transportation and warehousing.

The unemployment rate declined by 0.2% to 3.7% in September better than the forecast of 3.8%. Worth pointing out that the latest unemployment rate is the lowest level for 49 years. The number of unemployed people decreased by 270,000 to 6 million.

Average hourly earnings dropped from 2.9% to 2.8% as anticipated.

The reaction

Initially we saw some weakness in the US dollar as the latest figures were released, however, since then the Dollar has recovered some losses.

Average hourly earnings dropped from 2.9% to 2.8% as anticipated.

USD/JPY Hourly Chart

GBP/USD Hourly Chart

EUR/USD Hourly Chart

This article is written by a GO Markets Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions. Trading Forex and Derivatives carries a high level of risk.

Sources: Bloomberg, Go Markets MT4