Forex news for North American trading on December 2, 2016
In other markets:
– S&P index +0.04%.. NASDAQ composite index +0.09%. Dow industrial average -0.11%
The US employment report came out about as expected with regard to NFP estimates. The total change in jobs totaled 178K vs 180k estimate. The prior months were revised lower by a modest 2k. The unemployment rate move to 4.6% from 4.9% last month. This represents the lowest rate in 7 years. That is the good news. The bad news is that the participation rate fell to 62.7 from 62.8 and the average hourly earnings decreased by -0.1% versus +0.2% estimate and fell from 2.8% YoY to 2.5% this month.
Forexlive Americas forex news wrap: US employment solid but wages….eh
