US unemployment rises higher than forecast
Last month, non-farm payrolls in the United States increased by 339,000, which was significantly higher than expected and good news for the dollar.
Last month, non-farm payrolls in the United States increased by 339,000, which was significantly higher than expected and good news for the dollar. However, the overall unemployment rate rose from 3.4% to 3.7%, which reduces the likelihood that dollar interest rates will continue to go up. In addition to that, part-time jobs grew more than expected, and wages rose more slowly than had been predicted. It's likely that the US dollar will continue to drop in the near term.
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