Open Demo Account
Home / Market Update / US: Strong Job Growth in July, US Dollar Stronger
NFP

US: Strong Job Growth in July, US Dollar Stronger

Adel 6 August, 2021 5:52 pm Market Update

US job growth rose strongly in July amid demand for workers in the labor-intensive service sector, indicating that the economy maintained its strong momentum at the start of the second half, according to a US Bureau of Labor Statistics report released on Friday.

The US Labor Department said in its report that non-farm payrolls increased by 943K last month after rising by 938K in June.

The unemployment rate fell to 5.4% from 5.9% in June.

Average hourly earnings rose 4%, compared to expectations of 3.8%.

The US dollar is up 0.26% on the day and is trading at 92.50.

Tags

Check Also

EUR/USD declines Amid Deepened Bearish Bias

The EUR/USD currency pair experienced a sharp decline at the beginning of the week, falling …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends