The Non-Farm Payrolls in the United States have increased by 199,000 during the month of December, below the 400,000 expected by the market. The November figure has been revised upwards, rising to 249,000 from 210,000 published a month ago. The December data is the lowest in job creation in a year, since December 2020.
The The unemployment rate, on the other hand, has fallen by three tenths, dropping to 3.9% from the previous 4.2% and improving the 4.1% expected by the market. This is the lowest percentage of registered unemployment since February 2020, right at the beginning of the pandemic in the United States.
The labor force participation rate has risen to 61.9% from 61.8% previously, topping the 61.7% forecast. The U6 underemployment rate has fallen to 7.3% from 7.7% in November, seven tenths below the estimated 8%.
The Average monthly hourly earnings grew 0.6% in December, surpassing the previous and predicted 0.4%. Annually, wages grew 4.7%, above the 4.1% expected, but below the 5.1% in November (revised up from 4.8%).
EUR / USD reaction
The EUR/USD has reacted to the data with an initial rise of more than 20 pips which has taken him to the zone 1.1322, new high of the day. At time of writing, momentum has moderated and the pair is trading above 1.1307, gaining 0.15% daily.
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