The US economy unexpectedly added only 194 k/million jobs in September, compared to 235k increase in August and well below market expectations of 500k.
The jobless rate declined to 4.8% from 5.2% last month, below market estimates of 5.1%.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appAverage hourly earnings for all employees on private nonfarm payrolls rose to 4.6% YoY, from 4.3% increase in August and in line with market expectations of a 4.6% increase.
Weak job growth lowers the odds the Federal Reserve will soon start tapering.
EURUSD initially currency pair rose after today's data release, however sellers manage to quickly regain control and price is testing support at 1.1560. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
