Monday, 4 June 2018

223,000 new jobs in the US and unemployment of 3.8%

Employment data in the world's largest economy proved to be well above the average expectations of analysts. 223,000 new jobs were reported by the Ministry of Labor at an unemployment rate of 3.8%.
This was the lowest level of pre-crisis unemployment.
The result exceeded the analysts' average expectations of a 3.9% unemployment rate and 190,000 new jobs.
Better than expected was the rise in US workers' pay. Wage growth was 0.3% per month and 2.7% yoy.
The average hourly wage was expected to be 0.2% per month and 2.6% on an annual basis.
The rise in pay is perfectly logical, given the low unemployment rate and the accelerated pace of job growth, according to market observers.


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