The US employment report for July showed better than expected figures in all indicators. The Nonfarm payrolls increased by 943,000, above the 870,000 of the market consensus. In turn, those for June were revised up from 850,000 to 938,000. July was the month with the highest payrolls in July.
The unemployment rate it fell from 5.9% to 5.4%, a number lower than the expected decline to 5.7%. This drop was accompanied by an increase in the labor force participation rate from 61.6% to 61.7%.
Regarding the income, the hourly average was up 4% from a year ago, and 0.4% from June (consensus: 0.3%).
The dollar it rose against the major currencies after the report, although the advance moderated later. The steepest appreciation was against the yen, as Treasury yields and Wall Street futures extended the advance.
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