U.S. jobs report

• Average hourly earnings (compared to the same period last year) (y/y) (January), fact 3.2%, forecast 3.2%.
• Average hourly earnings (m/m) (Jan), fact 0.1%, forecast 0.3%.
• Nonfarm payrolls (January), fact 304K, forecast 165K.
• Private nonfarm payrolls (January), fact 296K, forecast 170K.
• Unemployment rate (January), fact 4.0%, the forecast 3.9%.

The US jobs report for January turned out to be quite ambiguous. So, on the one hand, the number of people employed in the nonfarm sector has sharply increased, showing one of the highest increases in a year. On the other hand, the increase in unemployment in the United States has been increasing for the second consecutive month, which completely eliminated positive data on the number of new jobs.

U.S. unemployment graph

 

As a result, the US dollar index received little support, but later weakened on the overall result of the US jobs report, which showed an increase in unemployment. The US dollar index resumed a downward trend, which will be limited to support levels: 95.30 and 95.00-10.

Read also: “Durable Orders  Goods in the USA”

Hanzenko Anton

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