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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

U.S. unemployment falls to 3.5%, wages gain steadily

December, 06 2019
watermark Economic news

According to the US Department of Labor, US unemployment in November fell to 3.5%, the lowest level since December 1969. October indicator was fixed at 3.6%.


The number of jobs in the non-agricultural sector of the United States increased by 266 thousand people, which also became the maximum growth indicator since January of this year. Analysts predicted an increase in jobs by only 180 thousand. It is noteworthy that the previous value of the indicator was revised upward from 128 thousand to 156 thousand.


The average hourly wage rate in monthly terms increased by 0.2% (the consensus forecast assumed growth by 0.3%). At an annual rate, the indicator increased by 3.1%.


Strong labor market data provided significant support to the US dollar, allowing it to regain positions against many opponents in the Forex market.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.