Forex News

American employers create fewer than forecast jobs in December

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The non-farm figures signaled a lower than forecast job creation pace in December, unemployment rate steadied and pay growth matched forecasts. 

Analysts predicted a job creation of 190,000 jobs, but the reading showed 148,000 jobs lost, from an upwardly revised of 252,000 job-gain in November, which was 228,000 before revision.

Unemployment rate stood at 4.1 percent, moving in line with forecasts.

The average hourly earnings gained 0.3 percent last month, compared to both revised and predicted readings of 0.1 percent and 0.3 percent respectively.

Annual average hourly earnings soared 2.5 percent, similar to both prior and expected readings.

The dollar traded lower at 91.81 against a basket of major currencies, easing from a session peak of 92.11, according to the dollar index, as of 13:37 GMT.

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