Unemployment stays unchanged at 3.7% in August as expected. Wage inflation, as measured by average hourly earnings, came in at 3.2% (YoY) in July. July’s NFP reading of 164,000 gets revised down to 159,000. The US Bureau of Labor Statistics on Friday reported that Nonfarm Payrolls in August increased by 130,000 following July’s reading of +159,000 (revised from 1644,000) and came in weaker than the market expectation of 158,000. With the initial reaction, the US Dollar Index edged lower and last down 0.02% on the day at 98.35. Key takeaways from the press release “The unemployment rate was unchanged at 3.7%.” “In August, average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents to $28.11, following 9-cent gains in both June and July.” “Over the past 12 months, average hourly earnings have increased by 3.2%.” “The labor force participation rate edged up to 63.2% in August but has shown little change, on net, thus far this year.” 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 around 1.1040 post-Payrolls, focus on Powell now FX Street 4 years Unemployment stays unchanged at 3.7% in August as expected. Wage inflation, as measured by average hourly earnings, came in at 3.2% (YoY) in July. July's NFP reading of 164,000 gets revised down to 159,000. The US Bureau of Labor Statistics on Friday reported that Nonfarm Payrolls in August increased by 130,000 following July's reading of +159,000 (revised from 1644,000) and came in weaker than the market expectation of 158,000. With the initial reaction, the US Dollar Index edged lower and last down 0.02% on the day at 98.35. Key takeaways from the press release "The unemployment rate was unchanged… 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.
