Nonfarm Payrolls (NFP) in the US rose by 1.8 million in July, the data published by the US Bureau of Labor Statistics showed on Friday. This reading beat the market expectation of 1.6 million by a small margin and followed June’s print of 4,791,000. Further details of the publication revealed that the Unemployment Rate fell to 10.2% to come in better than analysts’ estimate of 10.2. Additionally, the Labor Force Participation Rate ticked down to 61.4% and the Average Hourly Earnings edged lower from 4.9% to 4.8% on a yearly basis. Follow our live coverage of the NFP report and the market reaction. Market reaction The US Dollar Index showed a muted reaction to the data and was last seen gaining 0.45% on the day at 93.19. Meanwhile, The S&P 500 futures continued to erase daily losses and were last down only 0.15% on a daily basis. Developing story… FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD puts 1.18 to the test on upbeat NFP FX Street 2 years Nonfarm Payrolls (NFP) in the US rose by 1.8 million in July, the data published by the US Bureau of Labor Statistics showed on Friday. This reading beat the market expectation of 1.6 million by a small margin and followed June's print of 4,791,000. Further details of the publication revealed that the Unemployment Rate fell to 10.2% to come in better than analysts' estimate of 10.2. Additionally, the Labor Force Participation Rate ticked down to 61.4% and the Average Hourly Earnings edged lower from 4.9% to 4.8% on a yearly basis. Follow our live coverage of the NFP report and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
