US jobs report provides mixed signs, dollar fluctuates

  • by Ahmed Mamdouh
  • October 4, 2019, 12:48 AM
  • 59 Views
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The U.S. jobs report released on Friday showed mixed signs regarding the labor market in September, as U.S. employers crated fewer than forecasts jobs in September, causing the U.S. dollar to fluctuate.  

Analysts predicted a job creation of 145,000 jobs, compared to the actual reading of 136,000, while the previous reading of 130,000 jobs was revised up to 168,000 job-gain in August.

Unemployment rate dropped significantly to 3.5 percent, compared to both prior and predicted readings of 3.7 percent. 

The average hourly earnings stalled last month after a 0.4 percent rise in August, compared to estimates of 0.3 percent surge. The annual earnings growth reached 2.9 percent, down from a previous of 3.2 percent.

The dollar index, which tracks the movements of the green currency versus a basket of major currencies, fluctuated to trade at 98.60, set for a weekly loss, as of 12:45 GMT.

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