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US unemployment retreats, jobs miss forecast

US unemployment retreats, jobs miss forecast

Today, the United States of America released the government jobs report on the non-agricultural sector. The report showed that US unemployment rates declined during the month of September, despite the decline in the number of new jobs created.

The government jobs report on the non-agricultural sector in the United States showed a decline in new jobs in September to 661 thousand jobs from the previous reading for August of 1489 thousand, which was revised after it was valued at 1371 thousand, and expectations indicated that 900 thousand jobs would be created.

The unemployment rate in the United States declined to 7.9% in September, after expectations were for a rise in unemployment by 8.2%, the previous reading was witnessing a rise by 8.4%, while the average hourly wage index rose by 0.1%, and expectations were for a rise of 0.5%,  The previous reading was revised to witness an increase of 0.3%, from 0.4%.

The dollar rose during today's trading against a basket of major currencies, after it declined yesterday and reached its lowest level in a week. The dollar index traded after the data was released at the level of 93.89 after hitting the highest level at 94.09 and it had opened trading today at the level of 93.79.

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