US Nonfarm Payrolls increase 187,000 in July vs. 200,000 expected

The US Bureau of Labour Statistics reported on Friday that nonfarm payrolls (NFP) increased by 187,000 in July. This estimate fell short of the market’s anticipation of 200,000. The June increase of 209,000 was reduced down to 185,000.

Follow our live coverage of the market reaction to the July jobs report in the United States.

The unemployment rate fell to 3.5% from 3.6%, but annual wage inflation, as measured by changes in average hourly earnings, remained stable at 4.4%, higher than the market projection of 4.2%. The release also revealed that the U6 Unemployment Rate fell to 6.7%, while the Labour Force Participation Rate remained steady at 62.6%.

The US Dollar came under modest selling pressure with the initial reaction to the mixed July jobs report. At the time of press, the US Dollar Index was down 0.1% on the day at 102.40.