Forex News

US job creation matches forecasts, dollar fluctuates

US job creation matches forecasts

U.S. employers crated jobs in July in line with median forecasts, the non-farm payrolls report released on Friday showed, pushing the U.S. dollar lower.

The NFP figures signaled an in line with forecasts job creation pace last month, acceleration in annual wage growth and stability in the jobless rate. 

Analysts predicted a job creation of 164,000 jobs, while the previous reading of 224,000 jobs was revised lower to 193,000 job-gain in June.

Unemployment rate remained unchanged at 3.7 percent, missing forecasts of a retreat to 3.6 percent.

The average hourly earnings gained 0.3 percent last month after a similar increase in June, surpassing estimates of 0.2 percent rise. The annual earnings growth reached 3.2 percent, up from 3.1 percent.

The dollar index, which tracks the movements of the green currency versus a basket of major currencies, widened its losses to hit a new session bottom at 97.92, but managed to recover to 98.04, as of 12:40 GMT.

Share Article