Total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9%, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, in manufacturing, and in health care and social assistance.
Total nonfarm payroll employment increased by 313,000 in February, and the unemployment rate was unchanged at 4.1%, the U.S. Bureau of Labor Statistics reported on March 9. Employment rose in construction, retail trade, professional and business services, manufacturing, financial activities, and mining.
The dollar was explosively volatile on Friday, with prices aggressively appreciating towards 94.27, as investors digested September’s distorted U.S. jobs data.
After three weeks of back-to-back losses, the dollar index received a boost following the robust U.S. jobs report.
The Dollar tumbled to fresh 13-month lows against a basket of currencies during early trading on Thursday, after July’s Federal Reserve policy statement was presented with a dovish touch.
Possible outcomes on Janet Yellen’s Congress testimony tomorrow and the Canadian dollar.
On a strong U.S. jobs numbers, we see the U.S. stock indexes mainly unchanged, while WTI crude oil futures may have made an important capitulation low today.
The USD appears to have been provided with a temporary boost following the news that the United States added another 211,000 jobs to its economy.
Dollar volatility rekindled by a mixed jobs report.
U.S. employers added the fewest number of workers in 10 months in March, but a drop in the unemployment rate to a near 10-year low of 4.5 % pointed to a labor market that continues to tighten.