The US labor market has seen less new jobs than expected in December, as shows the long-awaited report on Friday. Moreover, wages data also failed to improve. As a result, insiders have started selling out dollar just after the data release.
According to the reports from US Labor Department, employment in non-farm businesses rose 148,000 over the period under review (forecast – 190,000). The November figures were revised from the initial estimate at 228,000 to 252,000.
The unemployment rate in the USA remained the lowest since 2001, at 4,1% in line with the forecast.
An average hourly salary reportedly gained 0.3%. At the same time, the November rate decreased 0.1% m-o-m (0.2% earlier). Year-to-date figures did not change and stayed at 2.5%. The Federal Reserve Service is monitoring the salary level being the guideline for demand in labor market with further inflation pressure. As experts believe, annual salary has to increase at least 3.0% to achieve the target inflation.
The economically active population kept accounting for 62.7% in the USA in December.
The U-6 employment rate covering those working part-time for economic reasons went up to 8.1% over the period under review (8% in November).
DXY has fallen to 91.51 right after the data publication.