An Increase in the US employment Rate
- An Increase in the US employment Rate
The US employment rate has increased as announced by the US Department of Labour today, and this is a good sign for eur/usd traders! where the labor market steadily continues to improve and move towards strong economic growth.
The US Company and job operators announced they would increase the employments to 236,000 (U.S. Labor Department report today, bloomberg)
Meanwhile, surprisingly, the unemployment rate fell to 7.7%, the lowest level since the end of 2008.
Survey of economists conducted by Dow Jones Newswires had to estimate the employment rate has increased by 160,000 in total and the unemployment rate dropped to 7.8% thus figures in February showed an improvement in the labor market.
Last year, the economy grew at an average of about 183,000 jobs per month. However, for four months, the doubt slightly rose by an average of 205,000 per month as reported earlier today.
Today’s report also showed that private enterprise has opened 246,000 jobs starting this month in the fields of professional and business services such as accounting, construction, health and retail. While the manufacturing sector had been increased by 14.000 jobs.