Data on employment in the USA
- Average hourly wages in the USA (m / m) is 0.3%, the forecast is 0.2%.
- Change in the number of employed in the non-agricultural sector of the United States is 223K, the forecast is 189K.
- The unemployment rate in the US is 3.8%, the forecast is 3.9%.
The report on employment in the US exceeded market expectations and showed a noticeable improvement in all key parameters, thereby providing support to the American. In addition to the growth in employment, which remains near the annual highs, it is worth noting the growth of wages, which remain positive dynamics for the entire 2018 year. The change in the number of employed in the non-agricultural sector of the US also showed growth and remains near the monthly highs.
Employment in the US
In this market reaction to the report is visible, due to the weakness of the American and the Fed’s restrained comments on the issue of raising rates and the impact on employment. But it is worth noting that a strong report on employment in the US will not pass by the market and will set the sentiments for the entire previous week. Therefore, from the US dollar index, at least, the return to an upward trend in the coming trading days is expected.
Graph of the US dollar index. Current price – 94.10
Hanzenko Anton