Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact 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 rate Came Out Less-than-expected in June


August, 06 2018
watermark Economic news

New jobs of 157,00 were added in the previous month by the U.S. employers, lesser than anticipated, based on the reports of the Bureau of Labor Statistics report published on Friday.

Jobs data for June was revised higher and anticipated an increase in the nonfarm payrolls by 193,000. Meanwhile, the unemployment rate declined to 3.9% from 4% almost near to an 18-year low.

Nonetheless, wage increase continues to be slow with the average hourly earnings increase of 0.3% in July on a monthly bases as it gained 0.1 percentage points, which is still in line with the economists’ estimates. The year-on-year growth remained at 2.7%.

An economist at Renaissance Macro, Neil Dutta, said that  "The important point is that there is no sign of overheating but that aggregate wages and salaries (jobs x hours x earnings) are growing at a brisk pace".

There are still concerns on the broader economy even if the construction sector opened 19,000 jobs amid a sluggish growth in residential investment. Yet, there is a weaker performance from sports merchandise, hobby, music and book retailers where there is a decline of 31,800 jobs.

The manufacturing sector gained 37,000 jobs, mainly because of durable-goods and transportation companies, implying that trade dispute between the U.S. and China is not an impediment to the employment of factories. Last year, a recorded of 327,000 people were hired, which was the highest since twelve months to April 1995.

On another note, fewer people filing for unemployment benefits for the first time influenced a strong jobs month as an important contributor to the economy. Initial jobless claims, which indicates a massive layoff in the jobs market, reached almost a 50-year low this week with the jobs report survey figures remained at 300,000 since March 2015.

コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.