The US economy has gained only 145,000 jobs in December, worse than expected. Moreover, wages have risen by only 0.1% monthly, 2.9% yearly.
The dollar is down across the board.
— more to come
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Economists expected an increase of 164,000 jobs in the US in December, a moderate increase in comparison with the leap of 266,000 in November. Wage growth was forecast to remain steady at 3.1% yearly and rise by a monthly pace of 0.3% monthly.
Data leading to the publication mostly beat expectations with ADP’s private-sector labor report printing 202,000 positions gained and the employment component of ISM’s services sector survey advancing.
The US dollar has been rising throughout the week, benefiting from the upbeat economic statistics and also from safe-haven flows related to the standoff with Iran.
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