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American employers create more than forecast jobs in January

American employers create more than forecast jobs in January

The U.S. jobs report released on Friday showed that American employers created more than forecast jobs in January, while unemployment rate rose.  

Analysts predicted a job creation of 163,000 jobs, compared to the actual reading of 225,000, while the previous reading of 145,000 jobs was revised up to 147,000 job-gain in December.

The unemployment rate soared from its record low of 3.5 percent to 3.6 percent, compared to analysts’ projections of 3.5 percent.   

The average hourly earnings surged 0.2 percent last month after a 0.1 percent increase in December, compared to estimates of 0.3 percent surge. The annual earnings growth rose to 3.1 percent from 3.0 percent.

The dollar index, which tracks the movements of the green currency versus a basket of major currencies, traded higher at 98.43, set for a weekly gain, as of 13:50 GMT. 

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