Yesterday, USD weakened against most major currencies except GBP, EUR and JPY.
The U.S. jobs report released yesterday indicated a positive outlook in the jobs market. Due to continued resumption of economic activity, there was a surge in the number of jobs being added into the economy in June while unemployment rate declined from 13.3% to 11.1%. The falling of average hourly earnings from -1.0% to -1.2% reflects the job gains among lower-paid workers, thus adding a downward pressure on the data.
The U.S. jobs report released yesterday indicated a positive outlook in the jobs market. Due to continued resumption of economic activity, there was a surge in the number of jobs being added into the economy in June while unemployment rate declined from 13.3% to 11.1%. The falling of average hourly earnings from -1.0% to -1.2% reflects the job gains among lower-paid workers, thus adding a downward pressure on the data.
- Average Hourly Earnings m/m (Actual: -1.2%, Forecast: -0.8%, Previous: -1.0%)
- Non-Farm Employment Change (Actual: 4800K, Forecast: 3037K, Previous: 2699K revised from 2509K)
- Unemployment Rate (Actual: 11.1%, Forecast: 12.4%, Previous: 13.3%)