- Nonfarm payrolls up 372,000 vs. 268,000 consensus.
- Unemployment rate remains at 3.6% in line with expectations.
- The dollar rises in the market after the economic figures.
The official employment report of the United States June showed figures above expectations. Non-Farm Payrolls increased by 372,000 above the 268,000 market consensuseither. In May, 384,000 jobs had been created (revised from 390,000). Despite exceeding expectations, it is the lowest number since the second quarter of 2021.
The unemployment rate, as expected, remained at 3.6%. Regarding average earnings per hour, they increased by 0.3% in June; while compared to a year ago they rose 5.1%.
May wholesale inventory data and consumer credit data will be released later on Friday. The next meeting of the Federal Reserve It will be July 26 and 27.
The dollar rose in the market after the data, particularly against the yen. EUR/USD returned below 1.0150 and USD/JPY posted daily highs above 136.10.
Source: Fx Street