Source: PaxForex Premium Analytics Portal, Technical Insight
U.S. jobs in December, statistics that were published in January, declined by 140,000 jobs. Private companies reduced the number of employees in December by 95,000, while state-owned companies reduced the number of employees by 45,000.
Average hourly wages in the U.S. rose 23 cents (0.8%) last month from the previous month to $29.81. It was up 5.1 percent from December 2019. The average workweek decreased to 34.7 hours in December from 34.8 hours in November. The percentage of the economically active population remained at 61.5%.
Non-Farm Payrolls Employment
Last data: -140К
Consensus Forecast: 50K
The number of jobs in the U.S. economy in December fell by 140 thousand, according to the Labor Department. Experts polled by MarketWatch, on average, predicted an increase of 50 thousand. Unemployment in the country last month remained at 6.7%, while it was expected to rise to 6.8%. The decline in U.S. jobs marked the first time since April 2020, when the economy lost a record 20.787 million jobs.
U.S. Average Hourly Earnings MoM
Last data: 0.8%
Consensus forecast: 0.3%
This indicator shows the change in the average hourly wage level for major industries, except agriculture.
Unemployment Rate
Past data: 6.7%
Consensus forecast: 6.7%
The previous unemployment figures came out according to the consensus forecast, which was 6.7%. It indicates employment stability.
In the previous release of data, the movement on the EUR/USD currency pair at that moment made 51 points:
At the same time, having developed movement at 103 points within a few days:
More interesting course of events took place on the asset, which closely correlates with the currency pair EUR/USD - gold, at the moment of publication gold prices fell by 148 points!
It was followed by a 740-point drop in gold within several days!
